Permanently Affordable Homes in Historic Norwayne
The Norwayne Historic District Community Land Trust (“Norwayne CLT”) restores and stewards homes in Historic Norwayne as permanently affordable rental housing. We remove homes from speculative markets, stabilize families, and keep housing rooted in community instead of profit.
What is a Community Land Trust?
A Community Land Trust (CLT) is a nonprofit that holds land in trust for community benefit. The CLT owns the land and stewards it permanently; residents rent or own homes on that land at prices designed to stay affordable over time.
- Homes removed from speculation
- Rents around 65% of HUD Fair Market Rent
- Increases tied only to taxes & fees
- Surplus reinvested in a Community Wealth Fund
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Why Historic Norwayne?
Historic Norwayne is a compact, walkable neighborhood with deep working-class roots and enormous potential. It also faces aging housing, rising energy costs, low appraisals, and housing insecurity. Norwayne CLT is designed to stabilize this neighborhood block-by-block, keeping homes affordable and families rooted.