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.
New Report Examines Strategies for Increasing Community Control Over Land and Housing
Oklahoma Coalition for Affordable Housing 