Making Home More Affordable: Community Land Trusts Adopting Cooperative Ownership Models to Expand Affordable Housing

Meagan M. Ehlenz

31 citations0/0 files storedJournal of Community Practice

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Collaborative and Sustainable Housing Initiatives Housing Market and Economics Cooperative Studies and Economics

Abstract

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.

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References

2015Qualitative Inquiry and Research Design: Choosing Among Five Approaches 2017Qualitative Inquiry and Research Design : Choosing Among Five Approaches 1990From Abandonment to Hope 2011The Community land trust reader 2005Limited Equity Housing Cooperatives: Defining a Niche in the Low-Income Housing Market 2008Community Land Trusts in the United States 2016Community Land Trusts, affordable housing and community organising in low-income neighbourhoods

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2022Another organization is possible: New directions in research on alternative enterprise 2022Why Do Planners Overlook Manufactured Housing and Resident-Owned Communities as Sources of Affordable Housing and Climate Transformation?2018Shared Equity Homeownership in the United States: A Literature Review 2018From Grenfell Tower to the Home Front: Unsettling Property Norms Using a Genealogical Approach 2022Interrupting Inequality Through Community Land Trusts 2022Oranges Are Not the Only Fruit: The Publicly Owned Variety of Community Land Trust

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