Community Land Trusts (Jacksonville)

Community Land Trusts

This workshop explains what a community land trust is, how it works, and what role it plays in retaining SHIP subsidy to keep housing affordable forever. Community land trust homeownership is an alternative form of homeownership and an alternative to renting. Community land trusts are especially attractive in high cost housing markets, with tight rental markets. The CLT form of homeownership provides an important tool for local governments trying to meet the continuum of housing needs. A household can move from rental housing, freeing up that rental unit for another tenant, as they move into a form of homeownership that helps them to save and ready themselves for fee simple homeownership. The SHIP assistance that is provided to the CLT homebuyer is used for the benefit of the next CLT home buyer who is able to purchase the home at an affordable price. This workshop will teach the mechanics of how this is done. We will provide the sample SHIP strategy from the Florida Community Land Trust Institute’s CLT Primer and will highlight several critical pieces in a successful CLT program, such as CLT Homebuyer counseling, ground lease provisions, and best practices for resale. We will also include the topic of “surplus lands” because key to the success of a CLT is having land donated to the nonprofit.

Who Should Attend?

• Local government housing administrators
  
• Community partners
  
• Elected officials and Affordable Housing Advisory Committee members
  
• Nonprofit housing staff
  

Key Topics:

• Choices in setting up a CLT including board structure options
  
• Walking through a sample SHIP strategy
  
• How to incorporate CLT Homebuyer counseling
  
• Understanding the Ground lease provisions
  
• The role of the local government in supporting a CLT, including a review of “surplus lands” law
  
• Best practices for stewardship
  
• Best practices for resale
  

                       

This workshop is sponsored by the Florida Housing Finance Corporation’s Affordable Housing Catalyst Program and Facilitated by the Florida Housing Coalition.

Upon completion of this training each participant will receive a certificate of completion