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What is a <br />Community Land <br />Trust? <br />•Fair market property is identified <br />•Buyer gets a mortgage for what they can afford <br />•CLT Provides a Subsidy <br />•Land goes into trust <br />•Trust leases back to Buyer <br />•Providing right to live on and maintain <br />•Buyer decides to sell <br />•Home is resold at affordable rate <br />•Sale price recaptures CLT Subsidy and portion of appreciation establishing sustainable affordability <br />Photos by Unknown Authors licensed under CC BY-SA <br />It is a <br />Shared <br />Equity <br />Model!