What is a Community Land Trust
Community Land Trusts (CLTs) are non-profit organizations—governed by a board of CLT
residents, community residents and public representatives—that provide lasting community
assets and permanently affordable housing opportunities for families and communities.
CLTs develop rural and urban agriculture projects, commercial spaces to serve local communities, affordable rental and cooperative housing projects, and conserve land or urban green spaces. However, the heart of their work is the creation of homes that remain permanently affordable, providing successful homeownership opportunities for generations of lower income families.
The Hamilton City Council has committed $2 million towards a community land trust.
The trust is a new initiative aimed at addressing the home ownership challenges faced by residents in the Waikato region, and has received support from Hamilton City Council, Waikato Tainui, Momentum Waikato, Habitat for Humanity, WEL Energy Trust, Trust Waikato, Te Runanga o Kiririroa, Community Housing Aotearoa and the Waikato branches of the Property Council and Institute of Directors.
To find out more about this project please download This PDF
Our watch the video: