Community land trusts: What are they and how do they work?


To help families achieve home ownership in a volatile real estate market, the Hannibal Square Community Land Trust acquires land in Winter Park, Fla., and the surrounding area and then builds or renovates homes on the properties to sell to qualified buyers. The program allows families to purchase homes at an affordable price that is not typically available in the current market because buyers are responsible only for the cost of the house, with the land itself remaining in the trust's ownership.

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