Comparing & Contrasting clts in Urban & Suburban Locations


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Comparing & Contrasting CLTs in Urban & Suburban Locations








First Community Land Trust of Chicago

  • Mission:

    • Create opportunities for local home ownership for households presently not income-qualified for the city’s existing affordable homes program.
    • Enable low-income households to enjoy positive participation in community – and economic-development policies impacting area.


What is the Need for this CLT?

  • Affordable housing

  • To impact policies purportedly benefiting low-income households

  • To enable low-income residents to improve their participation in Chicago’s economy and social fabric



CLT Progress

  • Created the bylaws and ground lease

  • Arrived at a resale formula

  • Received 501(c)3 non-profit status

  • Hired a development consultant

  • Issued a RFP to builders

  • Formed an interim board of directors

  • City set aside land for 10 CLT homes

  • Established rights/criteria for membership

  • Garnered attention of policy area inside City of Chicago



Development Sites

  • Already secured 10 City-owned vacant sites at no cost to the organization



CLT Homes and Homebuyers

  • Single-family detached homes

  • Households with annual incomes that are less than $40,000

  • Preference given to those who already live in the community

  • Anticipate CLT selling prices below those of current affordable housing program selling prices



Membership Organization

  • The Board is a reflection of the membership

  • Voting members must live in the community

  • Three-tiered

    • Lessees
    • General-neighborhood representatives
    • Public-outside the neighborhood, corporate/institutional




What is the Highland Park Illinois Community Land Trust (HPICLT)?

  • Incorporated in March 2003, HPICLT is a private not-for-profit 501(c)(3) organization, created to own land for the benefit of the Highland Park community. HPICLT provides and preserves permanently affordable housing on this land.



How Did HPICLT Get Started?

  • HPICLT is an outgrowth of the process begun in the late 1990s to update the City of Highland Park’s Comprehensive Master Plan.

  • The City Council directed the 25 year old Housing Commission to develop an affordable housing plan as an element of the Master Plan.

  • Creation of a community land trust was a key recommendation of the affordable housing plan adopted by the Council.



A Precursor to the CLT: The Single Family Home Ownership Pilot Program



How is HPICLT Governed?

  • A nine-member Board of Directors governs the HPICLT.

  • The Board is comprised of a cross-section of key stakeholders in the community with an interest in affordable housing.



Board Composition

  • Three are “public representatives,” including at least one City Council member and at least one member of the Highland Park Housing Commission.

  • Three are “lessee representatives,” including individuals who live on land owned by HPICLT or who represent organizations that serve the interests of the target population.

  • Three are “general representatives” from the community at large.



How Does HPICLT Acquire Property?

  • HPICLT purchases properties available on the market. It also can receive donated properties.

  • In many cases, HPICLT is competing with builders for homes they wish to tear down.

  • Properties can include a variety of housing, such as single-family homes, duplexes, town homes, condominium units, small multi-unit buildings, as well as undeveloped land.



Who Lives in HPICLT Homes?

  • Majority of households served must have incomes that do not exceed 80% AMI (approximately $58,000 for a family of 4).

  • Maximum income limits vary, depending on funding source requirements, but do not exceed 115% AMI.

  • Priority is given to low and moderate-income individuals and families who live or work in Highland Park.



Home Buyers

  • The combined assets of a household may not exceed 150% of AMI for the household size (for a family of 4, assets can not exceed $113,100).

  • Home buyers must qualify for a mortgage from a participating lender.

  • Home buyers must contribute a minimum of 1% of the net purchase price as earnest money towards the purchase of the home.





Successful First Development

  • Temple Avenue Town Homes:

  •  6 town homes constructed in 2004.

  •  Three-bedrooms, two and one-half baths, 2 car attached garage.

  •  $35,000-$75,000 was the range of incomes of those households purchasing town homes.

  •  Homes were sold at prices ranging from $110,000 to $190,000.





Comparing & Contrasting Strengths

  • HPICLT:

    • Executive Director has 15+ years experience in housing
    • Dedicated source of funding - Housing Trust Fund
    • City government was instrumental in establishing organization
    • City staff very supportive
    • Pro bono Support


Comparing & Contrasting Challenges

  • HPICLT:

    • Over-reliance on a single source of income
    • Single-staffed
    • High land and housing prices
    • Loss of political support
    • Disparity between effort and amount of product and people served



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