“The Long Beach, California, city council awarded $800,000 to a local nonprofit to create a new CLT, tentatively named Housing for All Long Beach CLT.”
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‘Affordable housing for another generation’: California trusts pull properties off the market
“Once concentrated in the Bay Area and LA, community land trusts are spreading to other areas where the cost of living is rising. The Bakersfield City Council voted last year to establish a community land trust; Irvine already has one and Long Beach is considering it.”
Long Beach OKs $800,000 to create Community Land Trust to add affordable housing
“Long Beach will give $800,000 to a local nonprofit that will launch a pilot land trust program to identify and buy properties on which to create affordable housing.”
Long Beach pursues a new approach to affordable housing: a community land trust
“As affordable housing becomes more and more scarce across the state, a growing movement of community land trusts could be a piece of the solution, and through a new initiative spearheaded by Long Beach Residents Empowered, or LiBRE, a tenants advocacy organization, Long Beach could be seeing its first community land trust in the coming years.”
