TY - JOUR
T1 - Making Home More Affordable
T2 - Community Land Trusts Adopting Cooperative Ownership Models to Expand Affordable Housing
AU - Ehlenz, Meagan
N1 - Funding Information:
This research was partially supported by National Community Land Trust Network (now Grounded Solutions Network).
Publisher Copyright:
© 2018, © 2018 Taylor & Francis Group, LLC.
PY - 2018/7/3
Y1 - 2018/7/3
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=85048106736&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85048106736&partnerID=8YFLogxK
U2 - 10.1080/10705422.2018.1477082
DO - 10.1080/10705422.2018.1477082
M3 - Article
AN - SCOPUS:85048106736
SN - 1070-5422
VL - 26
SP - 283
EP - 307
JO - Journal of Community Practice
JF - Journal of Community Practice
IS - 3
ER -