Thomas Jefferson Community Land Trust

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The Thomas Jefferson Community Land Trust (TJCLT) is a Community Land Trust that seeks to bring down the cost of housing in Charlottesville and Albemarle County by purchasing land and leasing it to homeowners who purchase only the structure.[1]

The trust was formed in 2008 but was not able to start work due to the recession. [2]


History and Purpose

The Thomas Jefferson Planning District Commission adopted a resolution in May of 2008 supporting the formation of the Thomas Jefferson Community Land Trust.

The TJCLT was formed as a non-profit 501(c)(3) community land trust with the purpose of "stewarding and controlling the use of land on behalf of local communities and protecting the affordability of housing and other buildings located on this land."[3]

The maximum household income that qualifies for housing on CLT-owned land is 120% of the AMI, with a goal of 75% of the homes on CLT owned land to go to households with incomes below 80% of AMI.

Funding sources include the Charlottesville Housing Fund. [1]

Board Members

References

  1. 1.0 1.1 Web. Allocation of Charlottesville Housing Funds for Thomas Jefferson Community Land Trust - $5,700, Kathy McHugh, City of Charlottesville, retrieved February 17, 2012.
  2. Web. Area land trust removing barriers to homeownership, Josh Mandell, Charlottesville Tomorrow, October 28, 2016, retrieved October 31, 2016.
  3. Resolution for the Thomas Jefferson Community Land Trust