Benefits of Community Land Trusts
Benefits of Home Ownership
Security
- Permanent access to land
- Ownership of home
- Peace of mind
Equity
- Fair return on initial value of home
- Fair return on improvement
- Value preserved with maintenance & repairs
Future Affordability
- Benefits available to future home owners
- Resale price remains affordable to people in the community
- Chance to give same opportunity to people in the community
On-Going Support
- Homeownership education
- Credit & mortgage finance counseling
- Basic home repair classes
- Revolving loan fund
- Advocate for successful ownership
Benefits to Community
- Workers & service providers remain in the community
- Land and resources managed by local decision-making
- Diversity of Housing Opportunities
- Cultural, age, & economic diversity maintained
- Open-membership organization
- Full time residency benefits local government
- Values of land and resources remain in the community
- Non-profit status provides tax deductions for donors