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?

The nonprofit CLT owns the land and issues 99-year renewable leases for affordable housing and other community needs. The CLT works to ensure that the land is used in a way that benefits the community.

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

ABOLISH THE NYC TAX LIEN SALE!

The East New York CLT Initiative along with partner organizations across NYC are fighting to ABOLISH the tax lien sale. The current law expires December 31, 2020. Take Action NOW!

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 Initiative10 hours ago
We support locally owned businesses like Word Up Cafe!
The East New York Community Land Trust Initiative
The East New York Community Land Trust Initiative3 days ago
"I support ending the existing lien sale program and have proposed replacing it with a model whereby liens would go into a city Land Bank for transfer to community land trusts." - Brad Lander

#abolishnyctaxliensale

https://www.kingscountypolitics.com/lander-lays-out-initial-comptroller-policy-planks/
The East New York Community Land Trust Initiative
The East New York Community Land Trust Initiative5 days ago
ENY CLT retreat 2020! Talking about our vision for 2021 ➡️ taking community control over land in ENY #publicland4ENYCLT
3 days ago
"I support ending the existing lien sale program and have proposed replacing it with a model whereby liens would go into a city Land Bank for transfer to community land trusts." - @bradlander

#AbolishNYCTaxLienSale

https://t.co/9sVdPukXSI
7 days ago
Council Considers Killing the Tax-Collection Machine Rudy Giuliani Built https://t.co/CBubFtlN4m
7 days ago
“The lien sale doesn’t bring the city that much money, but it robs our communities of so much more,” said Ivy Perez @CNYCN

#AbolishNYCTaxLienSale @NYCMayor @NYCSpeakerCoJo @Dromm25

https://t.co/y4VOJI9n65
2 weeks ago
"If we allow this sale to persist during the current economic climate, we are enabling Wall Street speculators to profit off of minority families already facing serious financial instability." - Congresswoman @NydiaVelazquez

#abolishNYCtaxliensale

https://t.co/RRCeO6YsB2 https://t.co/XQ10hNwali
EastNewYorkCLT photo