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Posted: Wednesday, December 06, 2006, 12:44 PM
Last night the Housing Alternatives group was priveledged to an excellent presentation on Community Land Trusts. I will post some of my notes from that presentation please add anything else you took from it. There is a growing gap between housing prices and household incomes. As well as the increased potential for moderate and low income families to fall through the cracks. Calgary Community Land Trust (CCLT) exists because Calgarians need a Calgary solution. CCLT is increasing the pool of affordable housing for those in need, including families, individuals, lone-parents, seniors, young adults, persons with disabilities, Aboriginal persons and new Canadians. CCLT acquires land and holds it in Trust, in perpetuity to benefit the community. CCLT leases land to non-profits and charities through long leases (such as 99 year renewable leases). CCLT does charge a lease below market value to cover costs. They work with partners who will build and manage affordable housing. CCLT is concerned with the land and is not a developer or a manager of affordable housing. Challenges for Land Trusts Obtaining charitable status: CCLT took two years to complete this process, they made the decision to do so because they wanted to be able to accept large donations and offer receipts. Awareness: in Canada there are less than 10 Community Land Trusts, and many of them are currently in-active. In the US there is over 400 active Community Land Trusts Development of credibility and trust Changes to Income Tax Act: Currently donations to land trusts for affordable housing are subject to Capital Gains tax while donations to land trusts for natural preservation are not.
Creating a sustainable organization How can you help? Donate land, buildings or funds to CCLT
Room to Grow CCLT is looking at acquiring more land through school grounds either existing or designated land in new developments as well as City or Enmax surplus land. CCLT is looking to work more with developers and architects and possibly creating relationships with housing co-operatives. For more info check out CCLT or CCLT
I will also post some of the projects CCLT has or is working on. |
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Posted: Wednesday, December 06, 2006, 12:45 PM
a CCLT Project Sun Court
CCLT received a donation of provincial land which was not suitable for housing but were able to trade it with the city for the land in Dover. CCLT charges a $20 000 annually for the land, this works out to $60 per family per month and the units built by Habitat are about $85 000 for families whose household income averages about $30 000. At Sun Court home owners also receive financial literacy training, homeownership training, family mentors and they belong to a community. This model is seen as one that could be repeated over and over. |
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Posted: Wednesday, December 06, 2006, 12:46 PM
another CCLT project Leo 7 Goldie Sheftel Court
When Home Depot bought the Highlander Hotel, a building with historical value, they were required to contribute to the community and decided to donate a ½ acre to affordable housing. The project is named after the family who built the Highlander Hotel. |
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Posted: Wednesday, December 06, 2006, 12:47 PM
one more CCLT project Kootenay Lodge
This project is in partnership with Calgary Homeless Foundation. The site was previously home to a day care. This project has highlighted that Land Trusts need to focus on land as they do not have the capacity to be developers or managers of housing projects. CCLT is currently looking for an operator and funder for this project. |
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Posted: Wednesday, December 06, 2006, 12:48 PM
Last CCLT example Holy Cross
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