Baltimore City Announces Funding For Community Land Trusts

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BALTIMORE (WJZ) — Mayor Bradon M. Scott and the Baltimore City Department of Housing and Community Development announced Friday a 2nd Notice of Funding Availability for Community Land Trusts.

Up to $4 cardinal volition beryllium disposable for CLT done the city’s Affordable Housing Trust Fund.

The projects that are connected to this indispensable enactment the city’s community improvement goals. These goals see gathering the request for affordable lodging and integrating land-trust homes arsenic portion of a broader mixed-income lodging strategy.

“The Community Land Trusts movement represents some a tangible and scalable strategy to assistance america build community power,” said Mayor Scott. “This enactment volition person an added interaction connected community development, land use, and affordable lodging and tin beryllium transformative for our city. I’m pleased that we are expanding our concern successful this enactment by astir doubling disposable funds with this NOFA.”

The city is seeking to beforehand equitable and sustainable community development by directing funds to communities that person faced humanities disinvestment.

In March, the city made an archetypal $2.25 cardinal concern successful CLT. This method is utilized to make homeownership opportunities for households that gain 50 percent oregon little of the Area Median Income.

CLTs are invaluable tools that assistance with closing the wealthiness and equity spread successful cities with important radical disparities.

Visit DHCD’s website for much accusation and instructions connected however to apply.

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Learn much astir Baltimore City’s Affordable Housing Trust Fund here.