Energized that the city is expressing interest in the model of community-based, nonprofit ownership of land for affordable housing and other uses, groups who back the approach are trying to transform its constituency from wonky to widespread.
Un fideicomiso inmobiliario comunitario (en inglés “community land trust”, o CLT) es un modelo de propiedad sin fines de lucro en el que una junta comunitaria administra el uso del terreno siguiendo ciertas regulaciones que garantizan la asequibilidad permanente del inmueble alquilado o vendido en ese terreno.
Responding to advocates who believe the trusts can ensure that today’s public investments deliver long-term affordability, HPD is seeking expressions of interest from non-profit groups.
While other hurdles to community land trusts remain, the bid by Queens Councilmember Donovan Richards would nudge open the door to an approach used in several other states.
The de Blasio administration has shown openness to community land trusts but organizations, not the city, are taking the boldest steps toward trying what backers say offers the best chance to achieve permanently affordable housing at scale.
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