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The State of CLTs in the U.S.

The State of CLTs in the U.S. Emily Thaden, ph.d. National CLT Network Brenda Torpy Champlain housing trust. Roughly 250 U.S. CLTs. Exponential Growth of CLTs. Foreclosure filings on U.S. properties by year. 1 in 45 housing units. 1 in 45 housing units.

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The State of CLTs in the U.S.

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  1. The State of CLTs in the U.S. Emily Thaden, ph.d. National CLT Network Brenda Torpy Champlain housing trust

  2. Roughly 250 U.S. CLTs

  3. Exponential Growth of CLTs

  4. Foreclosure filings on U.S. properties by year 1 in 45 housing units 1 in 45 housing units

  5. We’re the solution to “hot market” problems % of Median Income needed for first purchase % of Median Income needed for subsequent purchases

  6. We’re the solution to “cold market” problems

  7. Consequences of the foreclosure crisis & Great Recession Fewer clt start-ups after NSP Less homeownership development after NSP Shrinking public & private funding Lack of access to home mortgages Fewer mortgage-ready buyers More in-trouble owners

  8. New solutions in response to new problems More rental development More urban agriculture More mergers & acquisitions Needed organizational sustainability planning

  9. Ongoing challenges for CLTs PUBLIC AWARENESS CAPACITY BEST PRACTICES FUNDING GROWTH

  10. Future Directions (hoped by the Network) Proactive, effective, and participatory policy engagement Grow capacity of CLTs Expansion-adoption approach for on-the-ground outcomes Broader sector development & coordination around “permanently affordable housing” Organize, brand, professionalize, and standardize the broader sector

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