A growing number of community land trusts (CLTs) and shared equity programs throughout the country are responding to the escalating affordability crisis by providing and stewarding opportunities for housing with lasting affordability. At least 314 organizations have developed an estimated over 15,000 homeownership units with lasting affordability, and nearly half of shared equity homeowners are people of color.
Stefka Fanchi, CEO of Elevation Community Land Trust (Elevation CLT) in Denver, considers U.S. homeownership a paradox: “It’s such an opportunity for families to build wealth. It is also basically the foundation for the wealth gap.”
