A Commercial CLT is a community-based initiative that works to provide perpetually affordable commercial ownership opportunities. A Commercial CLT acquires land and removes it from the speculative, for-profit, real estate market. Commercial CLTs hold the land it owns “in trust” indefinitely for the benefit of the community, ensuring that the land will always remain affordable for business owners. The Commercial CLT provides a 99-year renewable ground lease to the business; the ground lease includes a resale formula that determines the building’s sale price and the business owner’s share of the building’s increased value at the time of sale. This allows the initial investment made by public and private subsidy sources to remain with the property, making it affordable to subsequent, qualified buyers.

If you are interested in the work of the Commercial Land Trust, please reach out to Domonique Jones, the CLT’s Program Director.

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