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 Kulshan
Community Land Trust is a democratically
structured, membership based, community
land trust, working to create healthy
communities through permanently
affordable homeownership. A community
land trust is a nonprofit corporation
that owns land and holds it "in
trust" forever for the benefit
of the community. CLTs are elegantly
designed to balance the interests
of individuals and the interests
of the community at large. Individuals
want security, equity and a lasting
legacy for the heirs. The community
at large benefits from the stability
brought about by owner occupied
homes.
KulshanCLT is one of over one hundred
CLTs in the nation today. The purpose
of a CLT is to acquire land and
remove it from the speculative,
for-profit market. KulshanCLT combines
the best features of private and
community ownership. KulshanCLT
homeowners have some essential
benefits of conventional homeownership:
lifetime security, a reasonable
rate of return on their investment,
and a legacy for their descendants.
At the same time KulshanCLT makes
access to housing available to
those of modest means. CLTs enable
a community to exercise more effective
and representative control over
its long-term development and prevent
absentee ownership. No seller benefits
from speculative gains and unearned
increases in market value and moderate-income
buyers are not priced out of the
market and denied decent housing
by such increases.
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