Springfield Community Land Trust
Springfield Community Land Trust is a nonprofit organization that provides access to land and housing at affordable rates. What makes the community land trust (CLT) model unique is that community land trust housing is affordable forever. CLTs create opportunities for home ownership based on a shared appreciation model. Community investment in partnership with home buyers helps them purchase the home on CLT land. In exchange, homeowners agree to a resale formula that enables them to recapture a fair share of the appreciation of the home while ensuring that the home stays affordable for people in the same income bracket.