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.

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