Community land trusts are a cooperative form of land ownership that keeps property affordable in perpetuity. Most commonly used to preserve housing affordability in a neighborhood where prices are appreciating (and threatening residents with displacement), CLTs can also be used for commercial, industrial, or agricultural purposes. This week, Magaly Cruz and Joni Laney visit Memphis Metropolis to talk about the city's first-ever CLT, in Binghampton, the development of their first housing unit, and the partners that helped them along the way. Later in the program, commentator Austin Harrison does a deeper dive into the history of CLTs and how real estate market dynamics may help determine what structure and purpose work in different neighborhoods. 

Resources

Binghampton Community Land Trust

Grounded Solutions Network