Community Land Trust

Description

The City of Bradenton, through its Community Redevelopment Agency (CRA), is seeking soliciting applications from qualified non-profit agencies to develop and manage a Community Land Trust (CLT).A CLT is a non-profit entity which supports and preserves affordable housing by acquiring property for affordable housing.  A CLT separates ownership of land from improvements for the purpose of transferring title to the improvements without selling the land.  The CLT retains ownership of the land which ensures the property remains part of the affordable housing inventory.  CLT’s increase the supply of affordable housing, preserve existing affordable housing in areas which are undergoing redevelopment or revitalization and are trusted partners of local government and special districts.