Let's look at
AN UNEQUAL HISTORY
While the costs of building and maintaining homes remains stable year to year, the "value" of the land can fluctuate wildly due to financial crises and bubbles, deregulation, gentrification and more.
Time and again, people and communities with less financial and political power bear the brunt of loss in times of fluctuation while interests with more money and connections reap the benefits.
Moderate- and low-income homeowners are at greater risk of foreclosure, while renters face spiking rents and evictions because landlords can easily overcharge for properties when a severe shortage of affordable housing means that demand far outpaces supply.
This leads to disinvestment in lower-income communities and communities of color, as well as displacement of the people living in them.
CLT's harness the power of rarely-heard and often-disenfranchised people, partner with groups fighting for greater equity, compete for property and buildings that would normally go to the highest bidder, and obtain land for the permanent use of and direction by historically discriminated communities.
The goal is equity: leveling the playing field in housing and development so that people have more access to stable housing, more ownership of their neighborhoods, and more opportunity to build financial and community capital, paving the way for the neighbors who will come after them.