Northern Virginians Look to Community Land Trusts to Increase Affordable Housing

As the state's real estate costs rise, community land trusts struggle to access funding and land in order to build more affordable housing.

October 7, 2021, 10:00 AM PDT

By Diana Ionescu @aworkoffiction


Roanoke, Virginia

Andriy Blokhin / Shutterstock

The rapid rise in housing costs in Northern Virginia's Blacksburg "has sent local officials searching for solutions, making the town of just 15,000 permanent residents the latest Virginia locality to experiment with a community land trust," according to Wyatt Gordon of Greater Greater Washington. Kim Thurlow, who works with the Town of Blacksburg on housing initiatives, says demand is high while supply is limited. "We are a small college town experiencing really rapid growth due to the university, the former alumni that see our area as a potential investment and of course the innovative businesses that are being spun off from the university. If you’re a first time home buyer, you’re getting squeezed out of town."

But a recent initiative that created a community land trust has stalled due to a lack of fundraising capacity. While "[t]here are a number of potential funding sources for the housing development side," Thurlow says, "none of them are set up to pay for the operational costs needed to have a staff that would offer support to the homeowner long-term."

CLTs maintain affordability by never selling the land underneath the housing and splitting the earned equity with the homeowner when they sell the structure. Although the model developed in rural Georgia as a way for Black farmers to protect their land from the forced sales and seizures which have long hindered people of color from accruing wealth in this country, CLTs have only recently made their way to Virginia via the movement for affordable housing.

Acknowledging the uneven pace of growth between home prices and wages, "[t]he community land trust model creates homes that are not allowed to increase in cost at the same pace as the market," says Julia McNally, program director for the Virginia Statewide CLT, the state's third such entity and the only one not focused on one specific community.

While acquiring land is expensive and difficult for CLTs, cities can help by donating or selling low-cost parcels of land to the land trusts. According to Erica Sims, CEO of the Maggie Walker CLT, "[m]unicipal contributions of land are so important because that takes one of our biggest costs of providing more affordable housing out of the equation."

To improve their prospects, Virginia CLTs are now pushing for a real estate tax exemption that would further reduce costs for CLTs and allow them to build more affordable housing at a lower cost.

Thursday, September 30, 2021 in Greater Greater Washington

The New York Public Library's stone lions Patience and Fortitude have donned face masks to remind New Yorkers to wear face coverings during the COVID-19 pandemic.

The Top Urban Planning Books of 2021

Planetizen's annual list of the top urban planning books of the year is here—maintaining a tradition that dates back to 2002.

November 26, 2021 - James Brasuell

Empty Road

The Roadway Expansion Paradox

Motorists want expensive roadway expansions provided that somebody else foots the bill, but when required to pay directly through tolls, the need for more capacity often disappears. What should planners do?

November 28, 2021 - Todd Litman

Moving

Urban Exodus: Data Don't Support the Popular Pandemic Narrative

Americans fled cities in waves during the pandemic, right? Not to so fast.

November 30, 2021 - Joint Center for Housing Studies of Harvard University

Downtown Los Angeles

L.A.'s New Housing Element Calls for 456,000 New Homes

The newly update Housing Element of the city of Los Angeles General Plan makes an ambitious commitment to housing construction—after decades of slow construction and a population out of scale with the city's housing stock.

22 minutes ago - Urbanize Los Angeles

Construction on a high-rise, with cement trucks and tall cranes, is visible on an Austin Street.

Austin's Tallest Tower Rising Quickly

Sixth and Guadalupe, which will top out at 875 feet, will soon be crowned the tallest building in Austin, and the fifth-tallest building in Texas.

1 hour ago - Urbanize Austin

London Bikes

How Boosting Biking Could Improve London's Economy

A new study outlines the potential economic, environmental, and public health benefits of increasing cycling mode share in London, which has pledged to achieve net-zero emissions by 2030.

3 hours ago - Forbes

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Hand Drawing Master Plans

This course aims to provide an introduction into Urban Design Sketching focused on how to hand draw master plans using a mix of colored markers.