Lighthouse Beloved Community


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what is a community land trust?



Learn more about what a Community Land Trust is and how it benefits the area, homeowners, etc.



serving lynchburg, va





A CLT is a community-based, non-profit organization governed by a board of residents, neighbors, and professional representatives that oversees a parcel of land to preserve long term affordability of homes.



Advantages of a clt





  1. You own a house
  2. You build equity
  3. Protection from market downturn
  4. You can buy a CLT home with a traditional mortgage
  5. Community-shared decision-making
  6. Combats displacement caused by gentrification


history of community land trusts (clt)





After traveling to Israel in 1968 and learning about the success of the Jewish National Fund, which had a long history of acquiring and then leasing land to planned communities and cooperatives, Robert Swann and several southern civil rights leaders developed the first land trust in the United States. Called New Communities, the land trust began on a 5,000-acre farm near Albany, Georgia in 1970



READ MORE: New Communities article



BENEFITS OF LIGHTHOUSE BELOVED COMMUNITY CLT



HOMEOWNERSHIP



Build up a stronger financial future.



Economic empowerment



Workforce development, vocational and/or technical classes.



Educational advancement



Grow your income and career with certification and diploma courses, adult literacy, financial literacy.



Health and wellness



On-site therapeutic services for the community.



Character and leadership



Integrity, accountability, empathy, humility, resilience, vision, influence, and positivity.



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