Role of Community Land Trusts in Preventing Gentrification and Promoting Affordable Housing
Gentrification, characterized by rising property values, displacement of long-term residents, and the loss of affordable housing, has become a pressing issue in many communities. In this chapter, we will explore the role of community land trusts (CLTs) in addressing gentrification and promoting affordable housing. By examining the strategies and successes of CLTs, we can gain insights into how these organizations can serve as effective tools for combating gentrification and ensuring housing affordability. Section 1: Understanding Gentrification Gentrification refers to the process of urban revitalization that leads to the displacement of low-income residents and the transformation of neighborhoods into more affluent and exclusive areas. Gentrification often occurs as a result of increasing property values, rising rents, and real estate speculation. The consequences of gentrification can include the loss of affordable housing options, the displacement of marginalized communities, and the…