Thomas Jefferson Community Land Trust: Difference between revisions
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Revision as of 14:58, 17 February 2012
The Thomas Jefferson Community Land Trust is an organization that seeks to bring down the cost of housing in Charlottesville and Albemarle County by purchasing land and leasing it to homeowners who only purchase the structure. [1]
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 (TJCLT).
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."[2]
The maximum household income that would qualify for housing on CLT-owned land would be 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]
Referneces
- ↑ 1.0 1.1 Web. Allocation of Charlottesville Housing Funds for Thomas Jefferson Community Land Trust - $5,700, Kathy McHugh, retrieved February 17, 2012.
- ↑ Resolution for the Thomas Jefferson Community Land Trust