The New Economy Glossary

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Community Land Trusts

A community land trust is a form of collective land ownership that prioritizes community uses of the land, promoting affordable and cooperative housing, sustainable agriculture, and other uses not fully valued by the market. Community land trusts are nonprofits that own and steward the land in perpetuity and lease the land to homeowners, farmers, and businesses, who must comply with terms set by the community land trust, such as preserving affordability. The first community land trust was established in 1969 in Georgia to secure land for black farmers; there are now almost 250 land trusts in nearly every U.S. state, and many more around the world. Source: Beautiful Solutions

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