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Organised by Latin United Community Housing AssociationCommunity Land Trusts are a shared ownership model where the community owns the land and a land leaseholder owns the home. By closing the affordability gap it allows low- to moderate-income households to build wealth and mitigates displacement of POC
Closed 19/06/2019
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Visit the charity's profileFour community organizations with a combined 175 years of housing experience, the Center for Changing Lives, the Logan Square Neighborhood Association, LUCHA, and Spanish Coalition for Housing, are joining forces to launch a community land trust in Hermosa and West Logan Square called Here to Stay. Community Land Trusts are a shared ownership model where the community owns the land collectively and individual land leaseholders own the homes. It makes home ownership accessible to low- to moderate-income households (60% - 120% of the Area Median Income) by closing the affordability gap. Should the homeowner choose to sell in the future, they would do so at a previously agreed upon price creating permanent affordability for generations to come.
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