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Fort Worth’s New Community Land Trust Aims to Keep Homes Affordable
CANDYSDIRT Writes:
“Community Land Trusts have been kicked around in North Texas for years as an affordable housing option for residents who want to age in place or stay in the community they grew up in. Fort Worth is forging ahead with its new land trust, poised to build and renovate homes on a 15-acre site purchased from Southwestern Baptist Theological Seminary.
The City of Fort Worth created its Community Land Trust in June 2023 in partnership with Rainwater Charitable Foundation. A search for an executive director is underway, but the board is already planning to start construction.
Similar to a public-private partnership, a community land trust is a public-community partnership where an individual owns a home, and the CLT owns the land.”
Read more in the original article below:
candysdirt.com
Fort Worth’s New Community Land Trust Aims to Keep Homes Affordable - CandysDirt.com
Community Land Trusts have been kicked around in North Texas for years as an affordable housing option for residents who want to age in place or stay in the community they grew up in.
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