Community land trusts (CLTs) are nonprofit, community-based organizations with a mission of providing perpetually affordable homes and stewardship of the land.
How CLTs Work
Home Ownership. Leased Land. Permanent Affordability.
CLT clients buy their homes at below-market prices, receive a deed to their homes, and enjoy exclusive use of the land.
Homeowners lease the land underneath their homes from HCLT. All leases are 99-years, renewable, and inheritable.
Homeowners agree to limit the resell price of their homes ensuring that the homes will remain affordable for future families.
Benefits of a Community Land Trust
Homeowners have control of their housing with stable monthly payments, security from eviction, and the opportunity to accumulate equity.
Upfront investments lower home prices and make homes affordable to persons earning less than 80% of the area median income.
HCLT partners with non-profits and community organizations to provide services and referrals based on the homeowner’s needs.
HCLT maintains a repair fund for each home to help defray the cost of some major home repairs.
Long Term Stability
As home prices rise, HCLT homes remain affordable, preventing displacement of existing community residents.
Homeowners are eligible to join the HCLT board to make decisions about what happens in their communities.
A Community Land Trust in Houston
With over 200,000 low-income households paying more than 50% of their incomes on rent and over 300,000 homes facing severe housing problems (such as having no kitchen or bath facilities, overcrowding, or high costs), Harris County is facing a crisis of housing quality, affordability, and security. By creating and preserving affordable homes in perpetuity, the Houston Community Land Trust seeks to address this crisis within Houston neighborhoods. HCLT works with community, nonprofit and governmental partners to prevent gentrification, maintain housing quality, and support families.
Affordable & Available Homes Per 100 Renter Households