community land trusts

Dozens of community land trust (CLT) organizers, supporters, and community members rallied this morning at City Hall, urging the NYC Council to support a new funding initiative to incubate and expand CLTs in all five NYC boroughs. The proposed initiative, championed by Council Members Donovan Richards and Carlina Rivera, comes at a critical moment, as more than a dozen CLTs are taking root in the South and Northwest Bronx, East Harlem, Brownsville, Jackson Heights, and beyond, to curb displacement and advance community-led development.

Gotham Gazette — Manhattan City Council Member Carlina Rivera is part of a growing coalition of Council members pushing for city government’s first major commitment to a seldom-utilized affordable housing model. In the face of rapid gentrification, they say, the city should invest $850,000 in Community Land Trusts, or CLTs, in the city budget currently being negotiated.

The proposed citywide CLT initiative will allow groups to build upon exciting progress at a critical moment of opportunity. The initiative will support essential CLT community education and organizing, board and member training, and other start-up costs; build capacity through legal, financial, and technical assistance; and promote coordination among CLTs so they reach a sustainable scale.

City Limits, Op-ed by Deyanira Del Rio and Andy Morrison — Unless you’ve been stuck under a rock – or perhaps on the 7 train – you’ve heard the news: the winner of the Amazon HQ2 sweepstakes is…Amazon. Two hundred and thirty-eight cities competed. Twenty finalists raced to the finish line. Two – New York City and Washington, D.C. – were selected to split Amazon’s new so-called second headquarters. But in the end, Amazon took home the big prize: $4.6 billion of public money.