Laserfiche WebLink
Support the formation and operation of community land <br /> trusts (CLTs) <br /> Explore the following policies and programs: <br /> • Eligibility: Ensure CLTs are eligible for local housing funding. <br /> • Opportunity to Purchase: Establish a right of first offer/refusal that 9 EXAMPLES <br /> gives nonprofits/CLTs enhanced ability to buy property <br /> In 2018, New York City funded a citywide <br /> • CLT Incubation: Establish an initiative to support the incubation or CLT initiative to support the <br /> creation of a new community land trust. Provide financial support to incubation/expansion of 10 CLTs <br /> CLTs in the early stages of organizational development. <br /> • CLT Pipeline Development: Study the feasibility of requiring new Cities like Irvine and Chicago have city <br /> inclusionary ownership units to be stewarded by a CLT. sponsored/chartered CLTs that manage the <br /> affordable ownership stock. <br /> • Extra Flexibility: Give CLTs extra flexibility to develop/steward <br /> ADUs, allowing CLTs to sell ADUs to low-income buyers and giving <br /> CLTs more flexibility with development standards (multiple ADUs, 2- <br /> story ADUs, etc.). See affordable ADU slide <br /> 15 <br />