Community Land Trust Resolution
- A tool to create long-term, community controlled affordable housing.
- A way to provide access to home ownership for those who otherwise could not own a home
- A tool to stabilize neighborhoods
hit hard by the foreclosure crisis.
- The communtiy land trust we propose will be made up of several houses on blocks suffereing from foreclosures and blight. These homes would be rehabilited according to green standards.
- The land trust is managed by a board of directors including representives of the community, the city and housing groups. It is governed by this board and the community members who own land trust homes
On September 15, 2009, The Richmond City Council passed a resolution, co-sponsored by Mayor Gayle McLaughlin and councilmember Dr. Jeff Ritterman, declaring the city’s commitment to work with REDI to establish a community land trust in the city of Richmond. The resolution passed unanimously with one abstention.
The community land trust is just one of the
recommendations proposed by REDI housing platform announced at our March 12 Housing Crisis Town Hall and endorsed by Richmond city council members in attendance.
With this formal resolution REDI, the city of Richmond Cand other Richmond-based housing service providers can move forward with the work of making the Richmond Communty Land Trust a reality.
Negotiations have begun between the city and community groups.
