March 17 · Industry News »
Survey: CLTs Lower Foreclosure Risk
Homeowners in community land trusts are less less likely to lose their homes to foreclosure than owners of market-rate homes, according to a survey conducted by the Lincoln Institute of Land Policy and the National CLT Network.
The survey credits the lower foreclosure rates to a lack of “too-good-to-be-true” financing in CLTs, as well as “front-end guidance” to help homebuyers acquire safe loans—and support for homeowners struggling to pay their mortgages. more
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New Consolidated Plan Better Supports Community Investment Decisions
Mercedes Márquez, HUD's assistant secretary for community and planning development, outlines changes to HUD's Consolidated Plan. These changes are intended to streamline the application process, making it easier to comply with requirements. In addition, the expanded data and new mapping tool will serve as resources in analyzing local need and targeting strategies to address local challenges.


National Housing Institute