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More About Community Land Trusts

Stop Foreclosure Evictions
Build Community Land Trust
#KeepOurHomesDetroit

Donate before the auction ends Oct. 22nd!
http://www.gofundme.com/ourhomesdetroit

Thank you all again for the ongoing support of the #KeepOurHomesDetroit Campaign. We’re excited to share that, as of Saturday at 2pm you have helped us to raise $35,303 of our $100k goal!

We’ve been answering questions along the way and sharing more about our work and the campaign. Here’s more information about Community Land Trusts.

How will Keep Our Homes Detroit work?
There have been other charitable efforts to buffer the impact of the Wayne County Tax Foreclosure Auction on Detroiters. #KeepOurHomesDetroit is different because our program will not only keep Detroiters facing evictions IN THEIR HOMES, but will also grow the Storehouse of Hope Community Land Trust and support the #HomesForAll Housing and Tenant Rights Campaign.

What is a Community Land Trust and how does it work?

KOHDCLTOneSheetSMMore about Community Land Trusts

Community Land Trusts (CLTs) have become a hot topic in communities across Detroit and in the halls of city government. In April, the Detroit Land Bank Authority passed a resolution stating that it would facilitate the transfer of land into CLTs if the City Council supports such a policy. Four community groups who have been researching and organizing around CLTs are now looking to start projects in their neighborhoods. It is a better time than ever to insist that the city and Land Bank Authority create policies to set aside land for community-owned and directed development that  will benefit new, existing and future residents.

As they help to stabilize neighborhoods CLTs can also own land in trust for permanently affordable rental housing, community owned and focused development.

What are they?
CLTs create supportive structures for the whole community.
CLTs prioritize community sustainability and stability over short-term growth and profits. People over profit.
CLTs are organized as non-profit or community groups that use money and resources for the common good.
CLTs are represented by boards and are governed in a manner that reflects the community and responds to local interest.
CLTs can be used to buffer the impact of gentrification and displacement on existing residents, preserve community identity and develop sustainably .

How do they work?
CLTs are structured depending on community needs and preferences.
CLT’s across the country facilitate affordable housing, open space/park preservation, and revenue generating cooperative enterprise. In Detroit, permanent affordability without major subsidy is made possible through low acquisition costs.
CLTs leverage community development dollars to make home-ownership affordable to low income residents by reducing the cost of living.
CLTs use a resale cap to keep equity, subsidies, and the value of improvements in the community,  which preserves affordability.

What is needed to start one?
CLTs are based on ‘Boots on the Ground’ organizing that leads to a strong community vision and business plan.
CLTs are based in strong relationships with existing block clubs, community organizations, local businesses and elected officials.
CLTs work from a shared set of values and principles.
CLTs exist as independent nonprofits, as programs, affiliates, or subsidiaries of existing nonprofits. Each model has its pros and cons, where there is an inverse relationship between risk/liability and control.

Prepared by
Detroit People’s Platform
detroitpeoplesplatform.org
@detroitpeoples
313.338.9396

Stop Foreclosure Evictions
Build Community Land Trust
#KeepOurHomesDetroit

Donate before the auction ends Oct. 22nd!
http://www.gofundme.com/ourhomesdetroit