When the barriers to affordable housing feel insurmountable, one way to drive change is to advance a structural innovation that creates permanent affordability.
In this week’s episode of Economic Architecture, host Stuart Yasgur sits down with Ashon Nesbitt, the CEO of Florida Housing Coalition, to discuss Community Land Trusts (CLTs), an approach to homeownership that changes the structure of homeownership itself. Their CLT Certification program has the potential to help CLTs access large pools of capital and begin to go mainstream.
This promising market innovation aims to improve accessibility to housing by separating the cost of a home from the increasing cost of the land it is built on—providing homebuyers with the opportunity to build wealth while cutting costs.
Standards for CLTs make them more attractive for lenders and increase interest on the financial side. CLTs also offer community-based paths for building affordable and resilient homes that are more able to withstand disasters and recover after climate-related events.
Learn more about Florida Housing Coalition: https://flhousing.org