A Local Law to amend the administrative code of the city of New York, in relation to defining community land trusts for the provision of services in addition to housing that benefit the local community

Summary

A Community Land Trust (CLT) is a non-profit, community-run organization that can acquire and develop land with the goal of promoting permanent affordable housing and stabilizing housing markets. This bill would define CLTs that are established in the City to be entities that cover more uses beneficial to the local community beyond housing, such as manufacturing and commercial uses, as well as the development of open space and community gardening.

Official summary of legislation · NYC Council