Community Land Trust


The Florida Housing Coalition is pleased to partner with Fannie Mae to complete program reviews of community land trusts (CLTs) in Florida in partial satisfaction of Fannie Mae’s eligibility requirements for Community Land Trust Loans. As part of this review, the Florida Community Land Trust Institute also determines if CLTs meet the requirements of the Fannie Mae Selling Guide and Fannie Mae’s Duty to Serve Plan.

The Florida Community Land Trust Institute is a program of the Florida Housing Coalition which began in January, 2000.  The Florida Housing Coalition is a statewide nonprofit providing training and technical assistance in Florida for more than 25 years.

In regard to community land trusts in Florida, we provide assistance to government and nonprofit entities with:

  • Assessing whether a community land trust is appropriate for your community and if so, which model makes the most sense for your community;
  • Understanding the terms of the ground lease and options for resale provisions;
  • Start up for the nonprofit community land trust;
  • Capacity building for the nonprofit community land trust;
  • All manner of real property development and financing issues.

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 manages 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 CLTs in our FAQ sheet.

Updated and Revised Florida Community Land Trust Primer

CLT-Primer-2015-CoverThanks to the Support of BankUnited and Florida Community Bank, the Florida Community Land Trust Institute published its revised and updated Florida CLT Primer in time to deliver to participants at the Florida Housing Coalition’s 2015 conference. The Primer features the Community Land Trust work of the many successful CLTs throughout Florida.

The Updated and Revised Florida Community Land Trust Primer includes: Quick and Important Facts about CLTs; Model Ground Lease; Resale Formula Options; Education for the CLT Homebuyer; Why a Lender would want to Finance a CLT Home; Understanding the Bank Appraisal for CLT properties; Understanding Ad Valorem Taxes for CLT properties; CLT Success Stories; Benefits of Using a CLT for Rental Housing; Benefits of Using a CLT to implement an Inclusionary Policy; How to Include a CLT Strategy in the SHIP LHAP; Using a CLT for Land Bank/Steward of Vacant Land; and How CLTs Save Taxpayer/public monies.

Download the updated Florida Community Land Trust Primer.


There Doesn’t Go the Neighborhood: Low-Income Housing Has No Impact on Nearby Home Values

CLT- Blog for website

In the nation’s 20 least affordable housing markets, low-income housing built during a 10-year span shows no effect on nearby home values.

Some of the nation’s least affordable markets are also ground zero for the fight against building affordable housing – which opponents say, among other things, depreciates nearby home values. Resistance to affordable housing development has surfaced in tight housing markets across the country such as San FranciscoNew York, and Seattle.Given low inventory and high prices in these tight markets, we set out to uncover how much homeowners really have to fear.We define low-income housing projects as those funded through the Low-Income Housing Tax Credit (LIHTC) program administered by the U.S. Department of Treasury. Data on these low-income housing projects are collected by the U.S. Department of Housing and Urban Development (HUD). Using Trulia home value data, we examined changes in nearby home values before and after a low-income housing project is completed. Based on the location of low-income housing projects and completion dates,[1] we determined whether or not these projects impact home values.

Click here to read the entire blog.


Community Land Trust offers hope for home buyers | EYES! On NewsJaimie Ross- Interview with Eyes on News

In July 2013, Jaimie Ross, FHC Board President and Founder/Director of the Florida Community Land Trust Institute, provided a State of the State on Housing and CLTs at a lender forum, Community Land Trusts: Partners You Can Bank On, sponsored by South Florida Community Land Trust.  More than 60 people attended the event including representatives from 12 financial institutions, local leaders, and CLTs. Check out the video, article and news clip from the forum.

Community Land Trust of Palm Beach County helps local woman move into new home |

There’s Hope on the Horizon for New Homeowners ~What’s New in Homeownership Financing Options? Ground Breaking Program Provides Affordable Homeownership Opportunities | Capital Soup

Check out the Housing News Network Journal articles about Community Land Trusts:
The Florida CLT Directory includes contact information for all CLTs in Florida.

For additional information on CLTs, check out the Center for American Progress Community Land Trust Report.

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