A community land trust home. (Photo: Community Home Trust)
North Carolina’s community land trusts are working to raise the profile of their housing preservation model, which its members see as a vital tool in the struggle for affordable housing in a rapidly growing state.
Community land trusts keep housing permanently affordable by maintaining ownership of the land and selling the homes or buildings sitting on it to individuals or groups. The model removes the land cost from the purchase price, and the land trust controls resale values to ensure homes remain affordable to future generations…