What's a Member?
A conventional community land trust (CLT) is a nonprofit, community-based organization that works to provide perpetually affordable homeownership opportunities within a specific region to low- and moderate-income households.
In the truest sense, a CLT acquires land and removes it from the speculative, for-profit real estate market. CLT’s hold the land they own “in trust” forever for the benefit of the community by ensuring that it will always remain affordable for income-qualified homebuyers. There are over 240 CLT’s in the nation today as well as several organizations using the CLT model to provide affordable homeownership opportunities.
CLCLT follows local laws and zoning requirements as well as the organizational bylaws put in place when the CLCLT was established in 2002. We are governed by a board of directors that is made up of community members and current CLCLT homeowners. Members of the CLCLT elect the board of directors.
General Membership Benefits
Assists to create more perpetually affordable homes for future lower-income households in Minneapolis.
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Demonstrate your support to CLCLT funders, policymakers and other stakeholders.
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Participation in CLCLT board member elections and a say in the running of the organization through:
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Approve/Disapprove changes to organizational bylaws
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Approve/Disapprove changes to CLCLT long-term agreements (i.e. Ground Lease, Housing Subsidy Covenant)
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Approve/Disapprove future sale(s) of a property out of the CLCLT
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Other benefits include:
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Invitations to all CLCLT events
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Invitations to all CLCLT home previews and open houses
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Free subscription to CLCLT publications
