This report examines strategies used by local governments to address rising housing costs and displacement of low-income households in gentrifying neighborhoods. To assist tenants at risk of displacement, the report details strategies to regulate the landlord/tenant relationship well as strategies to provide assistance for households that move.
This Center for Community Progress report highlights the mechanisms through which community land trusts provide and protect long-term affordable housing for lower-income families. The report then discusses the CLT model’s potentials and benefits and evaluates the important barriers that affect the capacity and scalability of CLTs.
The purpose of this report is to provide information on Community Land Trusts in the United States based upon a comprehensive survey of 96 CLTs conducted at the start of 2011.
Stable Home Ownership in a Turbulent Economy: Delinquencies and Foreclosures Remain Low in Community Land Trusts
The study examined mortgage delinquency and foreclosure rates among the owner-occupants of resale-restricted houses and condominiums in community land trusts (CLTs) across the United States and compared CLT results to rates of delinquency and foreclosure among the owner-occupants of conventional market-rate housing reported by the Mortgage Bankers Association’s National Delinquency Survey (MBA).
This report shows that shared equity programs are successful in creating homeownership opportunities for lower income families that allow purchasers to accumulate assets, while, at the same time, creating a stock of affordable housing that remains within the financial reach of subsequent lower income homebuyers.
This paper looks at innovative local affordable homeownership programs around the country that have found ways to make ownership accessible and also much safer and more sustainable, while concurrently achieving long-term affordability.
Outperforming the Market: Making Sense of the Low Rates of Delinquencies and Foreclosures in Community Land Trusts
This study examines the rates of delinquencies and foreclosure filings in mortgages that were held by households who owned homes in Community Land Trusts (CLTs) during 2009.
This case study analyzes outcomes for Thistle Community Housing’s Community Land Trust, which started providing homeownership opportunities in the Boulder area to low- and moderate income households in 1996.
This case study analyzes outcomes for the Champlain Housing Trust (CHT), which started providing homeownership opportunities in Burlington, Vermont to low- and moderate-income families in 1984.
Experts in the field conducted an assessment of affordable ownership housing programs in San Mateo County, California to offer guidance for the jurisdictions as well as to test the assessment instrument.