Community Land Trust


Community land trusts (CLTs) are private, non-profit organizations that purchase land to lease to residents with low and middle incomes for housing use. CLTs separate ownership of the home and the land it occupies, which reduces the size of a mortgage and lowers monthly mortgage payments. The land the home is on is leased to homeowners as part of a long-term ground lease, typically for 99 years. CLT agreements require homes be owner occupied and stipulate that the home may not be rented out or “flipped” by renovating it for quick resale. As part of their shared-equity agreement, homeowners on CLT-owned land are required to sell the home back to the CLT or to another resident with low income at an affordable price when they decide to move. CLTs may also purchase and hold land to support community development, open space efforts, community gardens, and similar initiatives. CLTs often include stewardship activities such as teaching expectant and new homeowners about finances, alerting them to high risk loans, and assisting potentially delinquent homeowners. (Source: Robert Wood Johnson Foundation - What Works for Health)

In September 2021, Concord Family Enrichment Association (CFEA) lead community partners, stakeholders, non-traditional community leaders and community members through the proess of developing a Cabarrus County Community Land Trust (CLT) model. CFEA contracted Grounded Solutions to facilitate 5, 1-hour sessions to provide a general overview of CLTs, as well as assist with the identification of next steps and understand the road ahead to developing a local CLT.


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