The Florida Housing Coalition, the state’s leading nonprofit provider of training and technical assistance dedicated to affordable housing from ending homelessness to first-time homeownership, today announced that Habitat for Humanity of Marion County received its Community Land Trust Certification – the first such non-profit in the state to be awarded the distinction.
The Community Land Trust Institute, founded in 2001 by the Florida Housing Coalition, seeks to ensure permanent affordability by separating the ownership of the land from the home. For many renters, Community Land Trust (CLT) homes represent a vital pathway on their journey to permanent homeownership. CLT homebuyers purchase a home for below market value and agree to pass on that benefit to subsequent purchasers of that home, creating a permanent supply of affordable housing in the community. The Florida Housing Coalition teamed up with Freddie Mac in 2020 to launch a national pilot program to build the organizational capacity of CLTs around the state and standardize CLT operations.
“For so many communities in our state, CLT’s are an essential solution for ensuring permanent affordability,” stated Florida Housing Coalition President and CEO Jaimie Ross. “We are thrilled that our state is leading the nation in standardizing CLT best practices. Big congratulations to Habitat of Humanity of Marion County for being the first to meet all the standards for certification.”