Another way to develop and preserve affordable homeownership opportunities for low- and moderate-income households at or below 80% of the area median income is

Question

Quizplus · Accepted Answer

Community Land Trusts (CLT) are non-profit organizations that develop and preserve affordable housing opportunities for low- and moderate-income households. CLT acquires land and maintains ownership while selling only the housing unit to the homeowner. This removes the cost of the land from the purchase price, making homeownership more affordable for low- and moderate-income households. Additionally, CLT requires homeowners to resell their homes at an affordable price, preserving the affordability for future homeowners.

Another Way to Develop and Preserve Affordable Homeownership Opportunities for Low-