6. Watauga County Community Land Trust
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Community Land Trusts are public-private partnerships administered by a nonprofit to purchase land parcels to be occupied by low-income renters and homeowners. The cost of renting and purchasing Community Land Trust units is reduced by nonprofit funding and covenants to cap the sales price of homes and/or monthly rental costs. Community Land Trusts are administered differently in different communities, but have overall been shown to contribute to a permanent stock of housing for low-income and working class residents by removing land parcels from the speculative housing market.

Community Land Trusts can take many years to develop, but offer a documented, financially-sustainable solution to create and conserve affordable housing in growing communities like ours.

What we recommend:

  • Begin discussing with local government entities, affordable housing nonprofits, and citizens about how a Community Land Trust in Watauga County could be implemented.
  • Once determined, raise funds via government budget allocations, grant funding, partnership with developers, and outside Community Land Trust advocacy groups to fund the entity’s initial formation and land purchases.

Other Links:

Community Land Trust examples and resources:

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