Community land trusts (CLTs) are nonprofit organizations that acquire and hold land for the benefit of a community, focusing on providing affordable housing and fostering local development. By separating the ownership of land from the ownership of buildings, CLTs ensure long-term affordability for residents while protecting against market pressures that can lead to displacement. This model promotes sustainable urban growth and enhances community control over land use and development decisions.
congrats on reading the definition of community land trusts. now let's actually learn it.