How Have Community Land Trusts Used the Low-Income Housing Tax Credit? Case Studies from Athens, GA and Park City, UT

Abstract

Public and private actors have suggested using the community land trust (CLT) model as a remedy for a number of housing related issues. This is based primarily upon the documented successes of CLT homeownership programs. Some caution that the growth of CLTs and the increased use of the CLT model beyond homeownership may stretch organizations beyond their capacity or force them to consider how to provide stewardship and community control. The Low-Income Housing Tax Credit (LIHTC) has been used by a handful of CLTs and there are reasons to believe that more CLTs may utilize it in the future. This thesis explores the opportunities and challenges that using LIHTC may present for CLTs through case studies with two different types of organizations--a grassroots CLT in Athens, GA and a nonprofit housing developer with a CLT program in Park City, UT--that have used it as a funding source.

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