Some years ago, the SHIP administrator in Flagler County was attempting to educate folks on what a Community Land Trust (CLT) was. It's a way to have land managed by a trust with a 99 year ground lease so that home buyers can pay only for their homes--build some equity, and therefore see long term affordability.
Folks always asked why it was needed, since land costs were so low. They aren't right now, and that's why! Infill lots selling for $12,000 just a few years ago are now priced in the $40,000 to $60,000 range today.
A Community Land Trust does not have to be one big plat of land that requires significant infrastructure development. It can inlclude various infills. Because the Live Local Act opens surplus lands suitable for affordable housing provisions to CRAs and special districts, some possibilities are opening up for the development of CLTs.
We're working hard to get conference recaps posted - but the learning doesn't stop! Next week, we're presenting some marvelous #LiveLocalAct content at the Florida Chapter of the American Planning Association (APA Florida)'s Florida Planning Conference!
Hope to see you there! For more information, visit https://ow.ly/OQrt50PGR9V
#flhousing #housingfloridians #homematters
