by Bruce Wolfe, HANC Board
Did you know that SF has a community land trust (CLT) that creates forever homes for low-to-moderate income residents and workers? It’s called San Francisco Community Land Trust (https://SFCLT.org). But, what is a CLT? SFCLT explains it:
A Community Land Trust is a membership-based, nonprofit organization whose mission is to create permanently affordable, resident-owned housing for low- and moderate-income people. Resident ownership of multi-family properties through the Community Land Trust model is one means of stabilizing affordable housing, in perpetuity, for low-income and working class residents. (https://www.sfclt.org/our-approach1#how)
And, how does a CLT provide affordable housing in perpetuity and take it off the speculative market permanently? The California CLT Network describes it this way: (https://www.cacltnetwork.org/california-clt-definition/)