CLT- of- PBC
The Community Land Trust of Palm Beach County, Inc. (CLT of PBC) is a countywide housing non-profit organization created for the purpose of providing permanently affordable housing opportunities for residents of Palm Beach County.
The CLT of PBC acquires land and makes it available in perpetuity for affordable housing. The CLT separates ownership of the land from ownership of the housing unit. The housing units are sold to income eligible households at an affordable price. The land is made available to homeowners through a 99 year land lease.
Increase the permanent supply of affordable housing in Palm Beach County by undertaking the following activities:
The CLT of PBC was formed in early 2006 to help address the need for affordable housing in Palm Beach County.
The effort to create the organization was initially spearheaded by Palm Beach County as part of their "affordable housing toolbox," but quickly became a community driven endeavor.
The founding members of the CLT of PBC represented a wide range of organizations including Gold Coast Builders Association, Palm Beach County League of Cities, Business Development Board, Business Forum of Palm Beach County, Florida Rural Legal Services, Community Financing Consortium, Adopt-A-Family of the Palm Beaches, inc., South Florida LISC, We Help Community Development, Inc., Fair Housing Center of the Greater Palm Beaches, Urban League of Palm Beach County, Housing Partnership, North Palm Beach Chamber of Commerce, and the School District of Palm Beach County.
The CLT of PBC was incorporated in 2006 and received a 501(c)(3) tax exempt designation in March of 2007.
LAKE WORTH, Florida— BankUnited awards a grant of $8,843 to the Community Land Trust of Palm Beach County (CLT of PBC) in support of its affordable housing programs. More specifically, the money will be used as general operating support to allow the CLT of PBC to carry out its mission of providing affordable rental and homeownership opportunities by developing single-family and multi-family housing. CLT of PBC also provides CLT specific homebuyer counseling, manages a lease with an option to purchase program, manages affordable rentals, coordinates financial literacy services with non-profit partners, assists with buyers obtaining 1st mortgage financing, and provides stewardship with CLT buyers. Through its affordable housing programs, the CLT of PBC expects to place 28 LMI families into affordable homeownership over the next 12 months. It will also ensure 80 affordable rental opportunities are maintained through Davis Landings and La Joya Villages. (right)
About The Community Land Trust of Palm Beach County, Inc.
The Community Land Trust of Palm Beach County, Inc. (CLT of PBC) is a non-profit housing provider founded in 2006 by Palm Beach County to help address the need for affordable housing in the County. The core mission of the CLT of PBC is to create a permanent stock of rental and homeownership opportunities that will remain affordable in perpetuity and that is controlled by the community it serves.
Late least year, the CLT of PBC participated in the making of a short film on South Florida CLT's with the South Florida Community Land Trust Network (SFCLTN). The SFCLTN is a collaborative comprised of several community land trusts operating in South Florida, including the South Florida CLT, CLT of Palm Beach County, Delray Beach CLT, and Heartfelt CLT. The collaborative has launched an education and outreach campaign to draw awareness to the affordable housing crisis here in South Florida and educate people on the Community Land Trust Model.
Below is a link to the film. Please take a moment to watch the film told through the personal stories of CLT homeowners and stakeholders. Three of our homeowners, Derek Penn, Tange Henry (also CLT Board Member) and Shemerria Burgess, did an excellent job telling their story.