Community Land Trusts:
A Community Land Trust (CLT) is an organisational structure which many collective housing communities use, and which provides multiple benefits. Establishing a CLT may provide the following opportunities to a collective housing community:
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A Community Land Trust (CLT) is a legal structure to establish and manage communally owned land. A private not for profit corporation or registered charitable trust acquires and holds land on behalf of a community. Key stakeholders are the housing community members.
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CLTs may also be supported and promoted by charitable trusts to help take land speculation out of the secure home tenure housing equation. Capital gains go to the CLT, and not the individual residents. This helps maintain affordability of the housing supply.
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As a centralised organisation, a CLT can collect rent or other periodic member payments, and handle democratic decision making on the utilisation of collective value. When members of a CLT managed community leave, they do not reap capital gains from the land.
