“A CLT [community land trust] is a mechanism by which land is held in trust and managed by a nonprofit, used for whatever a community chooses, whether that’s housing, small businesses, cultural spaces, gardens, parks, or farms. The land is owned by a trust, which keeps it out of speculators’ hands, but residences and other structures can be privately owned and inherited, allowing community members to build wealth.
Few know that modern-day CLTs originated here in Georgia, in a civil-rights-era experiment to build economic power among poor black farmers. But the model has proved durable. Over the past decade, as real estate developers have carved up cities and driven housing costs beyond the realm of affordability, interest in CLTs has swelled. There are now 260 of them in the United States. Advocates say CLTs give communities the space and security to develop neighborhoods according to their needs rather than the demands of the market.—Andrea Lim, “We Shall Not Be Moved.” Harpers. July 2020