Outperforming the Market: Delinquency and Foreclosure Rates in Community Land Trusts

Abstract

o c t o b e r 2 0 1 0 • Land Lines • LincoLn institute of Land PoLicy 3 benefits of home ownership, they question the way it is structured and suggest that alternative models of resale-restricted, owner-occupied housing may help low-income homeowners keep their homes more successfully. research on one of these alternative models, the community land trust (CLt), found delinquencies and foreclosures to be far lower among the owners of CLt homes than the owners of unrestricted, market-rate homes during the market downturn of 2007–2009. this article presents these findings and examines aspects of CLts that may help to explain the sustainability and success of CLt home ownership.

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