Propagating Community Land Trusts (CLTs) across Australia for the benefit of those in housing stress
Category: Community Land Trust
What is a Community Land Trust?
A Community Land Trust (CLT) ensures ongoing housing affordability and real estate stewardship. CLT Associates is working with not-for-profit organisations throughout Australia to establish CLTs, and this will result in positive social outcomes for their local communities.
CLTs are well established in the UK and USA, and are now being propagated across Australia.
In Australia, the model that is used for CLTs is a shared-equity model, which works throughout Australia. The popular US model of land leasing is only possible in places like Canberra or mobile home parks, and therefore the shared-equity model was chosen due to the wider opportunities.
CLTs strengthen communities through education, and having a focus on achieving economically sustainable solutions for housing. When housing stress is reduced, other negative social issues also reduce.