Enterprise's Community Land Trust Initiative

|   By
Jenny Yang ,
Enterprise Community Partners, Inc.
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Enterprise created the Community Land Trust Initiative to develop and promote new models of community ownership of affordable housing and community spaces. This report details highlights from the first two years of the initiative.

In the summer of 2017, in partnership with the New York State Office of the Attorney General, Enterprise launched a groundbreaking $4.2 million grant program to support the formation and development of six community land trusts (CLTs) throughout New York State, as well as a CLT Learning Exchange comprised of nine community-based organizations (CBOs). While a significant portion of the funding was invested directly into innovative projects, a meaningful portion was also invested into staffing and operations, expenses that are difficult to fundraise for but are vital to the development and execution of innovative strategies.

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