Colorado Community Land Trust
Habitat Metro Denver was thrilled to forge a strategic partnership and merger with the Colorado Community Land Trust (CCLT) on July 30, 2020. CCLT was established in 2002 as part of the Lowry Redevelopment project, and has since grown to include 215 properties located in Denver's Lowry, Speer, Cole and Swansea neighborhoods.
What is a Community Land Trust?
A Community Land Trust (CLT) is a nonprofit that holds the ownership of land through a 99-year land lease on behalf of a series of homes, while serving as the long-term steward for affordable housing. CLTs make housing more affordable to own:
- Homeowners only purchase the house.
- Property taxes are based on the restricted sales price of the house.
- Homeowners gain appreciation.
One mutual goal of our merged organization is to increase long-term affordable homeownership. To achieve this, we can utilize either a land trust model or a long-term affordability (LTA) covenant on home titles. These measures will allow homes to be affordable today, and for future generations.
With a severe shortage of affordable housing in our community, specifically affordable for-sale homes, we are committed to using every opportunity to expand our collective impact. Now, we believe we are stronger together. Our merged organization is more versatile than ever, with expanded capacity, resources, and the ability to better adapt to the needs in our local community.
We remain committed to providing low- and moderate-income households with the benefits of owning a home, while preserving long-term affordability for future generations.