NYC Council Introduction 1006

intro.nyc/1006-2024 2024-2025 Legislative Session
Defining community land trusts for the provision of services in addition to housing that benefit the local community.
Status: Committee Committee on Housing and Buildings
Sponsored by Sandy Nurse
Introduced: August 15, 2024

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.