The community land trusts model is appealing in Utah, where homeownership is now out of reach for many middle-class families. Here are three takeaways from The Tribune's report.
The model is appealing in Utah, where homeownership is now out-of-reach for many middle-class families.
Those days are gone — but at the same time, homeownership remains a key in this country to building wealth.. With community land trusts, a non-profit or local government owns the land, but people with moderate incomes can purchase or build a house on top of it. Leases are generally issued for 99-years and restrictions are put in place to cap how much the home can be sold for — ensuring that the property remains affordable forever.
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