Community land trust definition

Community land trust means an entity that meets the requirements of section 462A.31, subdivisions 1 and 2.
Community land trust means a community housing development organization whose
Community land trust. ’’ means a nonprofit organi-

Examples of Community land trust in a sentence

  • Figure 13: Percentage of estimated homes by project type Community land trust Not known Housing cooperatives Self-help housingOther CohousingPartnership with housing association Developer-led patrnership0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50%Source: Hub pipeline dataNote: Data relates only to projects where the entries for project type were provided alongside estimated homes.

  • Community land trust: A community land trust (CLT) is a non-profit organization that owns real estate for the benefit of the community.

  • Opportunities for Open SpaceA Community land trust in Chelsea can not only provide affordable housing, but also empower the community.

  • Community land trust model: Opportunities and challenges of preserving affordable housing.

  • Community land trust" means a nonprofit organizationexempt from taxation under section501(c)(3) of the Internal Revenue Code that holds title to land beneath individually owned housing units, including but not limited to single-family homes, townhomes, condominiums, and multi-unit rental properties for the purpose of preserving affordable housing.


More Definitions of Community land trust

Community land trust means a community housing development organization whose (i) corporate membership is open to any adult resident or organization of a particular geographic area specified in the bylaws of the organization and (ii) board of directors includes a majority of members who are elected by the corporate membership and are composed of tenants, corporate members who are not tenants, and any other category of persons specified in the bylaws of the organization and that:
Community land trust. ’ means a nonprofit organiza-
Community land trust means a nonprofit organization exempt from taxation under section
Community land trust means a nonprofit corporation organized
Community land trust means a private, not-for-profit
Community land trust means land held in trust as a public investment for the long-term benefit of a community to provide secure, affordable access to land and workforce housing for community residents;
Community land trust. – means a 501(c)(3) Applicant which acquires or develops parcels of land for the primary purpose of providing affordable housing in perpetuity through conveyance of the structural improvement subject to a long term ground lease which retains a preemptive option to purchase any such structural improvement at a price determined by a formula designed to ensure the improvement remains affordable in Perpetuity.