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what is a community land trust?
A tool for maintaining and expanding affordable housing stock.
There are more than 160 CLTs nationwide and is owned in perpetuity by non-profit, community-based organizations. Homes built on the land are leased to residents under long term structure. The lease agreement has a “resale formula” which allows homeowner to share in any increase in value of the home during the “ownership period.” Through a generous partnership with with South Baltimore Gateway Partnerships, Enterprise Partners, and our local and state constituents, the Westport Community Land Trust is engaged in executing CLT strategies.
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