The article emphasizes the significance of Community Land Trusts (CLTs) as a successful model for ensuring affordable housing and addressing social injustices in New York City. Amidst a backdrop of inequitable for-profit development, the City Council's recent hearing on the Community Land Act signifies a pivotal moment, supported by over 150 community organizations. Key components of this legislative package aim to empower nonprofits to acquire properties, protect public land for beneficial use, and ultimately provide stability to vulnerable communities facing housing insecurity. CLTs are positioned as essential tools for community-led change and equitable housing solutions.
"As the city and state pour subsidies into for-profit development that fails to serve those most in need, Community Land Trusts (CLTs) offer a proven and powerful way to ensure lasting affordability..."
"Together, these bills represent a bold shift toward community stewardship, equity, and long-term housing stability."
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