Community land trusts are a solution for equitable, sustainable rent and home ownership, and neighborhood stability.
“There are numerous variations on the community land trust model, but in the basic framework a nonprofit obtains land, removes it from the market and allows it to be used based on the needs of the neighborhood residents. Typically, the organizations are led by a mix of community members, residents of the land trust, and sometimes, political representatives.” – Jake Blumgart for NextCity.org
Examples of Land Trusts:
- Sogorea Te’ – urban Indigenous women-led community organization that facilitates the return of Chochenyo and Karkin Ohlone lands in the San Francisco Bay Area to Indigenous stewardship
- Overview of land trusts via NextCity.org
- Permanent Real Estate Cooperatives via the Sustainable Economies Law Center – “A PREC simultaneously decommodifies land, enables community control for structurally excluded communities, and disrupts root causes of racialized inequality. Unlike a conventional housing cooperative, which is formed to provide housing to a defined group of residents, a PREC could be described as a ‘movement cooperative’ because it is designed to provide housing, build a large membership base, and serve members’ collective goal to transform our neighborhoods and our systems of finance and land ownership.”