Why Create (or Support) a CLT?

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Copyright information from Burlington Associates in Community Development, LLC

1. Stewardship: Preserving Scarce Resources

  • Preserving affordability one generation after another.
  • Preserving public subsidies, lands, and inclusionary units.
  • Preserving the condition and design of publicly-funded amenities.

2. Mobility: Rebuilding the Housing Tenure Ladder

  • Multiplying the choices that low-income people have when they seek to improve the type and tenure of their housing.
  • Allowing low-income people to step up to homeownership in smaller steps.

3. Security: Backstopping Low-income households

  • Supporting first-time homeowners after they purchase a home.
  • Intervening to cure defaults and prevent foreclosures.

4. Stability: Supporting Development without Displacement

  • Reinvesting in dilapidated areas without fueling gentrification.
  • Enacting "smart growth" measures without imposing additional burdens on inner-city neighborhoods and vulnerable populations.

5. Flexibility: Adapting to Sites, Funds, & Folks

  • Abandoning a one-size-fits-all approach to community development.
  • Mixing uses of land and types of housing in scattered-site projects.

6. Frugality: Shifting Administrative Burdens and Costs

  • Delegating responsibility for monitoring publicly-funded projects.
  • Delegating responsibility for enforcing publicly-mandated controls.
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