Hi Karen
Thanks for outlining the land trust model you have developed at
Bellbunya and congratulations on getting your project up and running.
It is very much in line with the land trust model that pre-dated the
CLT model and which is more in line with intentional communities. I
assume Bellbunya is an intentional community from your website – is
this accurate? I couldn't see anything about housing on the website
though - do you provide affordable housing? If so, how are properties
valued and/or kept affordable? I am curious about the "easy
transferability of cabins" as this would imply housing, or are these
investment properties? If you are providing homeownership, I know that
many of the groups trying to start CLTs would be keen for you to share
your mechanism for doing so.
Also, are individuals without the financial capacity to invest allowed
membership on the Board? The inclusion of non-resident members in the
Board is a good start and DGR status will help. However, many
communities in the USA found that without independent Directors (ie.,
individuals without any financial interest in the organisation
whatsoever), the communities didn't always remain altruistic or
provide affordability, which is what triggered the formation of the
CLT model through the establishment of the three-part Board structure
and a stated focus on affordability. So rather than interests other
than residents' being important to what the promotion of what CLTs are
trying to achieve, the tripartite Board and delivery of affordable
housing are actually the core features of CLTs as legally defined in
the USA and as now being discussed here as a mechanism for affordable
housing and community development. It is also one of the first motions
that separated CLTs from intentional communities, although intentional
communities can be, have been and still are developed on CLT lands as
part of a broader portfolio of affordable housing. Troy Gardens in
Madison, Wisconsin is a great example developed by the Madison Area
Community Land Trust. Also, Champlain Housing Trust oversees the
affordability and resale criteria of a few units within an otherwise
market-rate cohousing development in Burlington, Vermont, as part of
its overall portfolio of over 2,000 affordable units and houses. I
seem to remember being told that the Ithaca ecovillage in upstate New
York is on a CLT but can't seem to find details on their website. CLTs
also often underlie cooperatives which are perhaps a less intensive
form of intentional community that can mix incomes and cover very low
to market-rate prices.
So it is good to see exploration of different forms of tenure here in
Australia; it will be great to see moves being made toward the full
implementation of the CLT model for affordable housing and community
development. The combination of public and private investment and
creating returns on that investment without compromising affordability
are core challenges for CLTs. Champlain Housing Trust have managed
this, to the extent that they are an investment vehicle for the City
of Burlington's superannuation and provide modest returns to
homeowners at the time of sale, while also increasing the
affordability of their housing over time. They also have many
community and commercial facilities spread over their portfolio, which
is spread throughout three counties. Many CLTs in the USA are engaging
with the core concerns of intentional communities such as ecovillages
and cohousing, which is a promising development as it may help counter
the tendency of intentional communities to become unaffordable – and
hence often socially and economically homogeneous – when fully exposed
to the economic imperatives of private market development.
kind regards
Louise