A new report by the Democracy Collaborative examines strategies that can help communities combat displacement by increasing their control over land and housing. These strategies include community land trusts, a tool that enables nonprofit organizations to own an area of land and sell and/or rent homes on it with various resale restrictions in order to maintain long-term affordability. This report also looks at limited-equity cooperatives, resident-owned communities, community benefits agreements, and land banks as tools that can improve economic mobility and minimize displacement pressures. The report points out that these strategies can begin to institutionalize democratic control of land and housing, explaining that anchor institutions — large nonprofit entities, such as hospitals and universities, that are rooted in local communities — can play a key role alongside community organizations and local governments in catalyzing and supporting such strategies.
Published by Oklahoma Coalition for Affordable Housing
The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state. View all posts by Oklahoma Coalition for Affordable Housing