Reviewing The Community Land Trust Housing Model

June 2, 2015 |  by  |  Morning Blend

 

A rendering of the Grace Townhomes | via Flying Kite

A rendering of the Grace Townhomes | via Flying Kite

  • One way to preclude displacement, finds Flying Kite, is a Community Land Trust (CLT), a 46-year-old provision within property law allowing non-profits to nominally hold landownership, ceding most rights to the tenants, while sustaining checks on the associated properties’ market value by capping what the tenant can earn from its resale. The Women’s Community Revitalization Project will break ground on the first large-scale residential CLT in Philadelphia, the Grace Townhomes at Trenton & Auburn Streets in Port Richmond. The 36 affordably priced rowhomes can promise low-income families at least 15 years of geographic stability, with—hopefully—a chance to purchase the property outright afterward.
About the author

Stephen Currall recently received his BA in history from Arcadia University. Before beginning doctoral studies, he is pursuing his interest in local history, specifically just how Philadelphians engage their vibrant past. Besides skimming through 18th century letters, Steve is also interested in music and travel.

Send a message!



Leave a Reply

Comment moderation is enabled, no need to resubmit any comments posted.

Recent Posts
Bancroft Green Gives An Old Church New Purpose In Mt. Airy

Bancroft Green Gives An Old Church New Purpose In Mt. Airy

March 22, 2019  |  News

Contributor Virginia Lindak takes us out to Northwest Philadelphia where an eco-minded development firm is giving Mt. Airy Presbyterian Church a new lease on life > more

Unlisted Philadelphia: Banca Bozzelli

Unlisted Philadelphia: Banca Bozzelli

March 20, 2019  |  Unlisted Philadelphia

Ben Leech spotlights unique and significant buildings not listed on the Philadelphia Register of Historic Places with his architectural illustration series, Unlisted Philadelphia. In this installment, a priceless Italian-American landmark in the heart of Bella Vista. > more

Real Estate Brochure For Vacant School Sounds Alarms in Germantown

Real Estate Brochure For Vacant School Sounds Alarms in Germantown

March 19, 2019  |  News

Neighbors rally around Germantown High School after a real estate listing revealed potential redevelopment plans. Emily Birdy Busch has the news > more

Piecing Together The Lost History Of Wirt & Knox

Piecing Together The Lost History Of Wirt & Knox

March 14, 2019  |  Vantage

Rob Masciantonio tracks down the elusive origins of an abandoned factory in Strawberry Mansion > more

Interior Of 30th Street Station To Be Considered For Historic Designation

Interior Of 30th Street Station To Be Considered For Historic Designation

March 11, 2019  |  News

Starr Herr-Cardillo has this roundup of local register nominations on the agenda at the March meeting of the Philadelphia Historical Commission's Designation Committee > more

Op-Ed: Streamlining The City's Preservation Procedures Would Benefit All

Op-Ed: Streamlining The City’s Preservation Procedures Would Benefit All

March 8, 2019  |  Soapbox

In this opinion piece Kenny Grono shares his perspective as a general contractor and remodeling specialist with a few ideas on how the City can untangle the red tape that undermines historic preservation > more