Learn about community land trusts at two city-hosted events
Louisville Metro Government, Louisville Metro Housing Authority (LMHA), and LHOME invite affordable housing practitioners, developers, advocacy groups, and community residents to learn about community land trusts on Thursday, July 25.
Community land trusts are community-led and community-based organizations that provide long-term affordable housing on designated land through long-term ground leases. The goal is to give people access to housing who might otherwise be priced out, increase community control of the neighborhood, and empower residents as part of a broader city effort to prevent displacement. The Housing Needs Assessment published by Louisville Metro Government and the Affordable Housing Trust Fund this year listed community land trusts as a significant program missing from the city’s work to build additional affordable housing to meet the community’s needs.
“While we have long known that Louisville needs more affordable housing, the recent assessment quantified that need and offered viable solutions for assisting some of our lowest income individuals. By supporting the establishment of a community land trust in Louisville, we will be increasing our long-term housing affordability and helping residents build wealth through homeownership, both of which are key components of the city’s efforts to prevent displacement in neighborhoods experiencing high investment,” said Mayor Greg Fischer. “We are excited to work with Grounded Solutions Network and the Lexington Community Land Trust to educate residents, developers, nonprofits, community organizations and others about community land trusts.”
The event will be led by representatives from Grounded Solutions Network, the leading provider of technical assistance, training, tools, and resources for community land trusts, deed restricted housing, and inclusionary affordable housing programs. The “Permanent Affordable Housing” events will feature staff and residents from the Lexington Community Land Trust, who will provide insights and answer questions about how community land trusts operate.
Louisville Metro Government, LMHA, and LHOME are committed to providing developable land for permanent affordable housing in the city to qualified nonprofits in order to create and incubate a community land trust in Louisville. The event is intended to spur action from new or existing community groups and organizations. Louisville Metro Government, LMHA, and LHOME will provide technical assistance.
The first event is a workshop from 9 a.m. to 2:30 p.m. where participants will learn the nuts and bolts of community land trust formation, operations, funding, and development from Grounded Solutions Network. Staff and residents from the Lexington Community Land Trust are also scheduled to give a presentation. The event is open to the public but geared toward affordable housing practitioners, developers, and nonprofits. An RSVP is required; please email VAPStat@Louisvilleky.gov by July 22.
From 6 to 7 p.m., experts will give residents an overview of community land trusts and answer questions. Free child care and refreshments will be provided; no RSVP is required.
Both events will be held at Russell Vision Development Center, 2202 W. Jefferson St.
Read the full Housing Needs Assessment at https://louisvilleky.gov/government/housing/housing-needs-assessment