Founded in 2011, the 24:1 Community Land Trust (CLT) is owned and directed by the community for the benefit of the community. All proceeds are invested back into the community for programs and services like early childhood development.
The mission of the 24:1 CLT is to help people purchase a home of their own in a thriving, supportive community. To ensure this mission, six of nine board members are community stakeholders including at least three 24:1 CLT homeowners.
The 24:1 CLT builds and renovates homes within the boundaries of the Normandy Schools Collaborative. It then supports families in becoming homeowners through the Quality Affordable Homes Program. In addition, we offer our homeowners support, resources, and services to help them thrive.
The 24:1 CLT has invested over $100 million in economic development bringing needed goods, jobs, and opportunities to the people of the community. Proceeds are reinvested in community resources like early childhood development.
Unlike the traditional housing market, 24:1 CLT homes remain affordable on a permanent basis. Homeowners’ investment in their homes is protected. They may leave their homes to their heir(s) or sell them back to the 24:1 CLT at a guaranteed price.
The 24:1 CLT is a legal entity to support the vision of Beyond Housing to help entire communities become a better place to live.
It is a member in good standing of the National Community Land Trust Network.
Six of nine 24:1 CLT board members are elected by members of the 24:1 community. Board members include community stakeholders and 24:1 CLT homeowners.