CLTs are not-for-profit 501(c)(3) corporations created to provide and preserve affordable housing for the benefit of the community by permanently retaining ownership of land on which affordable homes (for purchase) are constructed. As a result, the cost of a home to initial and future homebuyers is significantly below market as the value of land is not part of the acquisition. By separating ownership of the land from the structural improvements, the CLT is able to ensure that the homes remain perpetually affordable to very low, low and moderate income families. (Miami-Dade County, 2007)
To learn more about CLTs, check out the resources below from friends and partners. To join our local efforts with this committee, please contact us at info@sfcdcoalition.org.
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Lincoln Institute of Land Policy
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In September 2023, the Miami-Dade Board of County Commissioners (BCC) passed a resolution entitled, "Establishing a Pilot Community Land Trust Program." The resolution states the goal of producing at least 50 units of affordable housing within a time period determined by the County Mayor to be feasible; authorizing and directing the County Mayor to select, or recommend the creation of, an organization to be the Community Land Trust for Miami-Dade County, to create program guidelines for the pilot program, and to identify funds and/or real property for inclusion in the pilot program; and directing the County Mayor to present written progress reports.
The County Mayor's office has 180 days from the effective day (due March 4th, 2024) to present an initial report with guidelines for the pilot program including the following:
Several SFCDC members and PLPG supporters were explicitly named in the resolution as potential advisors in addition to SFCDC, including the South Florida Community Land Trust, SMASH, Miami Homes for All, and the University of Miami Office for Civic and Community Engagement. Our committee is exploring how we can best support this initiative accordingly by providing recommendations based on shared values centered on community involvement and needs.
The intent to explore CLT as a strategy to provide infill housing and create deeply affordable housing for very-low and low-income residents and families has been a long and on-going journey for the Miami-Dade County Board of County Commissioners (BCC).