A community land trust (CLT) is a nonprofit, community-based corporation that owns land in trust for the benefit of a defined geographic area and manages that land over the long term on behalf of the community. CLTs typically retain ownership of the land and convey long-term ground leases to individual homeowners, housing cooperatives, nonprofit organizations or other entities that own the buildings and improvements.
A community land trust (CLT) is a nonprofit, community-based corporation that owns land in trust for the benefit of a defined geographic area and manages that land over the long term on behalf of the community. CLTs typically retain ownership of the land and convey long-term ground leases to individual homeowners, housing cooperatives, nonprofit organizations or other entities that own the buildings and improvements.
Source: Wikipedia "Community land trust" · CC BY-SA 4.0
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