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Resilience in the Face of Foreclosure |
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In October 2011, the National League of Cities' Center for Research and Innovation recently released a report showcasing six case studies of cities throughout the United States and their unique models for addressing the foreclosure crisis. Oakland is one of the six cities featured in the analysis, with a specific focus on the Oakland Community Land Trust. Find a description of the study here, and the full report here (pdf). |
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Stable Homeownership in a Turbulent Economy |
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For the second year in a row, community land trusts (CLTs) have demonstrated their resilience and stability in the midst of a turbulent housing market. According to a recent report authored by Emily Thaden and published by the Lincoln Institute of Land Policy, homeowners in CLTs were 10 times LESS likely to enter the foreclosure process when compared to homeowners with conventional loans. The study also notes that the stewardship activities of community land trusts, including pre- and post-purchase homeowner education and counseling, significantly contribute to the "superior outcomes" of CLT homeownership.
Full coverage here.
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