Colorado Community Land Trust was featured in 9News for their use of the community land trust (CLT) model here in Denver. Colorado Community Land Trust (CCLT) is a nonprofit organization founded in 2002 to preserve and develop permanent affordable housing for moderate income individuals and families across metro Denver. Today, CCLT manages 200 homes through the metro region.
“The trust’s program differs from Denver’s passive management style in other ways too. It owns the land under each of the houses it manages in perpetuity, which means the affordability restrictions don’t expire in 10, 15 or 20 years. It also pays for its operating expenses by requiring buyers to pay the trust a small, monthly land rent fee.”
ULC has long recognized community land trusts as a proven model for permanent housing affordability. ULC’s first CLT investment was the purchase of land under the Jody Apartments in 2007. Since then, ULC has added four additional properties into our community land trust: Roots Elementary School, the Northeast Park Hill Boys & Girls Club, the Curtis Park Community Center (with Family Star Montessori as the building owner) and Walnut Street Lofts. We have five additional properties in our pipeline for future inclusion into our community land trust.