Lincoln Institute of Land Policy Releases Report on Preserving Affordable Homeownership Through Community Land Trusts

Policy Focus Report Offers Insights into How Municipal Governments Support the Formation, Expansion, and Operation of CLTs

CAMBRIDGE, Mass., Nov. 18, 2024 /PRNewswire/ -- The Lincoln Institute of Land Policy has released a new Policy Focus Report, Preserving Affordable Homeownership: Municipal Partnerships with Community Land Trusts, by John Emmeus Davis and Kristin King-Ries. 

Drawing on insights from 115 community land trusts (CLTs) that were interviewed or surveyed by the International Center for Community Land Trusts, the report explores how CLTs are partnering with public officials to help address the housing affordability crisis. In this innovative model, individuals buy homes on land that is leased from a local CLT and agree to limit the resale price, reducing the upfront cost of homeownership and keeping those homes affordable for one income-qualified household after another.

"There has been a seismic shift in public policy over the last two decades, especially among cities and counties," said Davis, a city planner who has spent much of his 40-year career providing technical assistance to CLTs and documenting their history and performance. "Public resources invested in helping to expand homeownership were once routinely allowed to leak away when assisted homes resold. Today, a growing number of public officials are prudently committed to preserving those subsidies—and the hard-won affordability of the homes themselves—for many years. Municipalities are partnering with CLTs because they have proven their effectiveness in making that happen. CLTs remain in the picture long after a home is purchased, ensuring that affordability lasts, homes are maintained, and newly minted homeowners succeed. These multi-faceted duties of stewardship are what CLTs do best."

Preserving Affordable Homeownership builds on the Lincoln Institute's 2008 Policy Focus Report The City-CLT Partnership, coauthored by Davis and Rick Jacobus. In addition, a multimedia case study published by the Lincoln Institute in 2023, Still the One: Affordable Housing Initiatives in Burlington Vermont's Old North End, features Davis and several colleagues from the Champlain Housing Trust, the largest CLT in the United States.

"The survey of CLTs conducted by the International Center for this report revealed that city and county government partnerships with CLTs have grown in number, variety, and sophistication since the 2008 Policy Focus Report, and a number of state governments are now supporting CLTs as well," said King-Ries, an attorney whose practice focuses on creating and stewarding homeownership opportunities for people priced out of the traditional real estate market. "This updated report offers insights and tips on what is possible when governments and CLTs work together toward the shared goal of creating permanently affordable homeownership. The report also examines unintended consequences of governmental policies and conditions that make it difficult for CLTs to produce and to preserve affordably priced homes--and offers recommendations for how government officials can work more productively with CLTs."

Preserving Affordable Homeownership reveals significant trends in the landscape of CLTs and municipal-CLT partnerships, from Los Angeles to Lawrence, Kansas. Among the key findings: more municipalities are starting CLTs, including Tampa, Florida, which set aside part of a $10 million bond for that purpose, and Indianapolis, Indiana, which appropriated $1.5 million to start a citywide CLT. 

More cities are also incorporating lasting affordability into housing subsidies and regulations, and many are considering how to more fairly assess and tax the lands and homes in CLT portfolios. State governments are increasingly providing legislative and financial support for CLTs, from Connecticut to Texas. 

In addition to identifying trends, the report provides recommendations for successful public-CLT partnerships. "This is a groundbreaking and insightful report," says Sheila R. Foster, a professor of climate and law at Columbia University and cofounder and director of LabGov, an applied research laboratory focused on urban challenges. "It will make a tremendous difference to practitioners, cities, and policymakers as CLTs are experiencing historic growth and expansion in an increasingly unaffordable housing market."

Preserving Affordable Homeownership is available to download or purchase on the Lincoln Institute website. For review copies or interview requests, contact Anthony Flint at [email protected] (Lincoln Institute) and Ben Harris at [email protected] (International Center for Community Land Trusts).

About the Authors 

John Emmeus Davis is a city planner who has spent much of his 40-year career providing technical assistance to CLTs and documenting their history and performance. He coauthored the Lincoln Institute's 2008 Policy Focus Report The City-CLT Partnership. He previously served as housing director in Burlington, Vermont, and was dean of the National CLT Academy. He is a partner at Burlington Associates in Community Development LLC, a national consulting cooperative. Davis is a founding board member of the International Center for CLTs and editor in chief of the center's imprint, Terra Nostra Press. 

Kristin King-Ries is an attorney whose practice focuses on creating and stewarding permanently affordable homes and farms for people priced out of the traditional real estate market. She represents CLTs and other nonprofits and serves as a consultant to the Agrarian Trust and the Center for Agriculture and Food Systems at the Vermont Law and Graduate School. She is currently organizing a CLT legal collaborative on behalf of the International Center for CLTs. She served as general counsel for Trust Montana from 2017 to 2021. 

About the International Center for Community Land Trusts 

The International Center for Community Land Trusts is a nonprofit organization founded in 2018 to support the worldwide movement of CLTs, as well as similar strategies of community-led development on community-owned land. Governed by a board of directors drawn from seven different countries, the center is a bridge, connecting practitioners across national boundaries; it is a library, archiving historical documents, technical materials, case studies, and academic research on CLTs and related forms of tenure; and it is a think tank, researching and disseminating best practices and supportive policies. The center publishes books and monographs under its imprint, Terra Nostra Press.

About the Lincoln Institute of Land Policy

The Lincoln Institute of Land Policy seeks to improve quality of life through the effective use, taxation, and stewardship of land. A nonprofit private operating foundation whose origins date to 1946, the Lincoln Institute researches and recommends creative approaches to land as a solution to economic, social, and environmental challenges. Through education, training, publications, and events, we integrate theory and practice to inform public policy decisions worldwide. We organize our work around three impact areas: land and water, land and fiscal systems, and land and communities. We work globally, with locations in Cambridge, Massachusetts; Washington, DC; Phoenix, Arizona; and Beijing, China. 

Join our mailing list

SOURCE Lincoln Institute of Land Policy