The Florida Community Land Trust Institute

The Florida Community Land Trust Institute is a collaboration between two statewide 501(c) (3) organizations, 1000 Friends of Florida and the Florida Housing Coalition.

The Florida CLT Institute recently sent a letter to Acting Commission Carole Galante advocating changes to the FHA regulations.  Click here to read the letter.

Watch the Lake Worth NSP video involving Housing Partnership, Housing Leadership Council and many other partners to revitalize this small community within Palm Beach using the CLT model.

What is a Community Land Trust?
A community land trust refers to the vehicle of separating land from building (house) for the purpose of transferring title to the house without selling the land. It also denotes the nonprofit organization that holds title to the land and namages the ground leases on community land trust properties.

Homeownership becomes more affordable because the transfer of title to the homeowner does not include a fee interest in the land; the sales price is based on the value of the improvements, without the value of the land. The land is owned by a 501(c)(3) corporation which provides a 99 year ground lease to the homeowner. The ground lease has a resale provision which ensures the property will be affordable in perpetuity. The home must be sold to an income eligible buyer at an affordable price. The resale provision will typically provide a reasonable return to the homeowner but the appreciation may be far less than standard market appreciation. The resale provision will also typically provide a right of first refusal in favor of the CLT.

From the standpoint of the buyer, the CLT home provides home ownership in a market where the alternative is to rent or move away. From the standpoint of local government, society, funders providing subsidy, and affordable housing advocates in general, the CLT provides a way of creating permanent housing stock with a single subsidy.

Learn more about CLT and available assistance in the CLT Brochure.

 Become a Facebook fan of the Florida Community Land Trust Institute.

View the State of the State for Community Land Trusts, which was presented at the Florida Housing Coalition's 23rd Annual Statewide Affordable Housing Conference. Following the Conference, Jordan Rockwell, a Florida Housing Coalition intern, represented the Florida Community Land Trust Institute at the national Reclaiming Vacant Properties Conference held October 13-15 in Cleveland Ohio. Read Jordan's article that summarizes and highlights the Reclaiming Vacant Properties Conference.

The Florida CLT Directory includes contact and Web site information, the CLT Base Map displays where CLTs are located in Florida and the CLT Blog offers specific information.

For additional information about the Florida Community Land Trust Institute, call 850-878-4219.