About The CLT
A community land trust (CLT) is a community-based organization that provides lasting community assets and shared equity homeownership opportunities for families and communities. CLTs are established to serve as the long-term stewards of land and to protect long-term affordability and access to housing and other community uses located on that land. There are nearly 300 community land trusts currently in operation in the US.
A community land trust buys or receives donated land, builds homes (or acquires and rehabilitates existing homes), and makes these homes available for sale to limited-income homebuyers, writing down the purchase price to an affordable level by using public and/or private subsidies. CLTs are governed by a board of CLT residents, community residents, and public representatives – in Harris County’s case, the Harris County Community Land Trust Management Corporation, a subsidiary of the Harris County Housing Finance Corporation.
HCCLT Management Corporation
The Harris County Community Land Trust aims to:
- Offer safe, decent, and affordable homeownership opportunities for low-income buyers
- Preserve long-term affordability for future low-income residents in the community
If traditional homeownership is out of reach due to your financial circumstances, a Community Land Trust (CLT) could be a great option. CLTs acquire or receive donated homes and offer them for sale to income-restricted buyers, while leasing the land beneath the property.
Visit the Getting Started page to learn more about how the Harris County CLT could help you.