Community Land Trusts:
a proven tool for success.
My Front Door is working toward creating a Community Land Trust (CLT) to further break the cycle of poverty in Wyoming. Here's how it works:
There are nearly 250 Community Land Trusts in the United States; 79% of residents are first-time homeowners, and 82% of residents report income less than 50% of area median.
At the close of 2008, homeowners in Community Land Trusts had a foreclosure rate of 0.52 percent, compared to 3.3 percent of market-rate homeowners, according the the Mortgage Bankers Association.
My Front Door is committed to the Community Land Trust model and seeks to grow over the next five years of operations from a projected three single family units in 2019 to 22 single family units in 2023. This will impact families now and for generations to come.
Let's talk about land!
If you're a landowner that is interested in working with My Front Door to grow the Community Land Trust model in Wyoming, we'd love to chat.