Community Land Trust (CLT) Initiative

We are in the process of building a CLT to defend our homes and our neighborhood. The COVID-19 crisis has made our mission all the more urgent. Financial crises have had a devastating impact on East New York residents and the NYC Lien Sale has put numerous homeowners at risk.

How Do CLTs Work?

CLT Model

A tool for economic stability and community wealth generation

A Tool For Economic Stability

During the prior market meltdown, mortgage delinquencies and foreclosure filings were significantly lower among CLT homeowners than homeowners of unrestricted, market-rate properties.

Intervention to cure mortgage delinquency

Strategies include: Pre-purchase education; Pre/post purchase stewardship; Prevention of high risk loans; Detection of delinquencies; Intervention with delinquent homeowners

A Tool For Community Wealth Generation

CLTs also seek to preserve affordability for future generations through: Resale restrictions in the 99-year ground lease Property tax exemptions

THE LATEST FROM EAST NEW YORK CLT

ABOLISH THE TAX LIEN SALE!

In our community of East New York and Cypress Hills we have the greatest number of family homes on the tax lien sale. The homeowners and tenants who live in

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The East New York Community Land Trust Initiative
The East New York Community Land Trust Initiative5 hours ago
We are grateful that the #NYCTaxLienSale has been postponed to January 2021.

However, the 2020 tax lien sale and all other lien sales should be done away with altogether.

#AbolishNYCTaxLienSale
The East New York Community Land Trust Initiative
The East New York Community Land Trust Initiative1 day ago
Our coalition is calling New York City Council members to pledge to not reauthorize any future lien sales. We especially need the leadership of CMs in communities with high concentrations of properties at risk of the 2020 tax lien sale.

Council Member Robert E. Cornegy, Jr. Debi Rose Council Member I. Daneek Miller Farah Louis Council Member Laurie Cumbo Alan Maisel- do you pledge to not reauthorize any future lien sales during your time in office?
The East New York Community Land Trust Initiative
The East New York Community Land Trust Initiative3 days ago
Calling all community stakeholders: join us on December 11th at 1pm for our annual (and this year - virtual) East Brooklyn Reinvestment Forum. Find out what our local banks are doing to support East New York's recovery and get your questions answered about their services, products and lending.

Register here: https://docs.google.com/forms/d/e/1FAIpQLSeySZ-ZYGzYvQvQqlHWzZuIgKxxJw9R_6yO5WDb3l_UxBN4ew/viewform
5 hours ago
We are grateful that the #NYCTaxLienSale has been postponed to January 2021.

However, the 2020 tax lien sale and all other lien sales should be done away with altogether.

#AbolishNYCTaxLienSale

https://t.co/s5zDBrVFro
1 day ago
Thank you so much for the response @RCornegyJr. Just to be clear, because the article referenced was under the context of postponing the current 2020 lien sale, are you pledging to not reauthorizing any sale permanently heretofore? Appreciate the clarification 🙂 https://t.co/ozrBBdIC45