Community Land Trust

Community Land Trusts (CLT) are nonprofit, community-based organizations or programs that offer affordable housing to those who need it. CLTs own the land, and houses are built on that land. The CLT then leases the land and sells the house, creating new homeowners. The goal of a Community Land Trust is to give more families the opportunity to own homes, and enable limited-income households to build wealth.

Created in partnership with the Metropolitan Housing Trust Fund Commission, the goal of The Housing Fund’s CLT is to build permanent, affordable housing for limited-income families in the Nashville area. The program’s focus is to serve as a permanent steward of a community’s land, and any homes or buildings constructed on this land. Because a not-for-profit entity retains ownership of the land, the CLT preserves long-term affordability for the housing, and prevents foreclosures.