Making Home More Affordable

Community Land Trusts Adopting Cooperative Ownership Models to Expand Affordable Housing

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

Many question conventional homeownership, particularly for low-income households. Shared equity models offer an alternative, including community land trusts (CLTs) and limited equity cooperatives (LECs); yet, they too have limitations. CLTs offer ongoing support, but require bankable households. LECs can provide autonomy and security, but often require organizational reinforcement to succeed. This article explores an adaptation of these models. It examines the organizational characteristics of five CLTs partnered with LECs. The study considers CLT motivations for pursuing LECs and appraises the characteristics of CLT-managed coops. The discussion highlights an emergent practice and speaks to the organizational adaptability of shared equity models.

Original languageEnglish (US)
Pages (from-to)1-25
Number of pages25
JournalJournal of Community Practice
DOIs
StateAccepted/In press - Jun 6 2018

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affordable housing
equity
ownership
housing
community
homeownership
household income
autonomy
reinforcement
land
low income

ASJC Scopus subject areas

  • Development
  • Sociology and Political Science
  • Public Administration

Cite this

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abstract = "Many question conventional homeownership, particularly for low-income households. Shared equity models offer an alternative, including community land trusts (CLTs) and limited equity cooperatives (LECs); yet, they too have limitations. CLTs offer ongoing support, but require bankable households. LECs can provide autonomy and security, but often require organizational reinforcement to succeed. This article explores an adaptation of these models. It examines the organizational characteristics of five CLTs partnered with LECs. The study considers CLT motivations for pursuing LECs and appraises the characteristics of CLT-managed coops. The discussion highlights an emergent practice and speaks to the organizational adaptability of shared equity models.",
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