The Atlanta Regional Housing Forum is hosting an insightful program on August 28th, focusing on Community Land Trusts (CLTs) and Shared Equity Models. This free event will explore innovative approaches to making housing permanently affordable and highlight how cities like Atlanta and others in the metro area are using these methods to provide housing at all income levels. The event is available both in person and online. To learn more and register, visit Atlanta Regional Housing Forum.
Community Land Trusts are an effective way to create and maintain affordable housing. These trusts, typically managed by non-profits or local governments, purchase land and then sell the homes on that land to low or moderate-income families at subsidized rates. The CLT retains ownership of the land, leasing it to the homeowner at below-market rates, which keeps the home affordable for future buyers. This model helps families achieve homeownership and ensures the community’s investment in affordable housing is preserved long-term. For more information on how CLTs work, check out this Freddie Mac guide.
Shared Equity Homeownership further enhances affordability by creating homeownership opportunities that remain accessible across generations. This model uses a one-time public investment to make homes affordable for lower-income families while maintaining that affordability through resale restrictions. This ensures that the home remains within reach for subsequent low-income buyers, fostering wealth-building while protecting the community’s investment in affordable housing. For more details, visit Grounded Solutions.
The majority of shared equity programs, often termed “resale-restricted” programs, ensure that homes remain affordable for income-eligible households over time. These programs balance enabling homeownership for families with modest incomes and preserving long-term affordability within the community. For a deeper dive into these models, explore the resources provided by Freddie Mac.
By understanding and implementing these models, we can work towards a future where everyone in our community has access to safe, affordable housing. Don’t miss this opportunity to learn more at the Atlanta Regional Housing Forum.
