Community land trust

And two actually piqued my interest.

The first one is community land trusts.

And I was hoping to talk to you about if they're sustainable, if they're a good way of kind of talking about affordable, holistic housing in Canada and just kind of for our audience listening.

So a community land trust, essentially one way to think about it is like a 99 year lease, if you will.

I think the next generation should explore much more is the question of ownership.

So we talk constantly about how many homes we need to build, but not enough about who owns the land and how we preserve affordability once those homes have been built.

And community land trusts and cooperatives, because I think they go hand in hand, are interesting because they introduced the idea of stewardship.

Instead of housing being viewed exclusively as an individual financial asset, it can also be understood as community infrastructure.

Thank you.

And Jacqueline Chico, Program Manager for Central Iowa Community Land Trust.

I want to make sure I got that right.

And you also are a housing coordinator at HomeInc, which is a good partner of Bankers Trust as well.

The first involves transforming former hotels into permanent supportive housing for people who have experienced homelessness or housing instability.

I'm sure our listeners have heard some of this on the news, excited to learn more about Approach 1.

But the other is creating a new pathway for affordable home ownership through a community land trust.

So we're all going to learn a little bit more about what that means and what that involves.

And you came and spoke to me about the small business legal services that I was providing to businesses at Wayne State University when I was there at Wayne State.

So from that work with small businesses and understanding the importance of entrepreneurship, is there a connection with your passion and interest and background in entrepreneurship and community land trusts? Yeah.

Yes.

So my time in working with small businesses at Tech Town, I kept hearing some of the problems that they were experiencing in terms of trying to grow their companies, retaining workers, not necessarily employees, but workers.

And then there's various types of models that would fall under that.

So, you know, public housing, community land trust that we currently have, those are social housing because they're owned by either the government or a nonprofit or the tenants themselves.

Right.

And so there's that kind of like ownership piece as a key kind of like definition of social housing.

infrastructure and adding into really like the democracy that we're trying to build here in L.A., people engaged in their neighborhood, in their community, in their building.

And so I actually feel like this work is part of that democracy building work, you know, and that power building work that is so important just to keeping the city healthy and keeping people knowing their neighbors and engaged.

Just last week, actually, I was able to hear from a tenant in Community Land Trust who was talking about, like, before the Community Land Trust took control of the building and after and, like, that experience.

And she was sharing that.