Credit: iralu3/Adobe Stock Coops, Condos and Community Land Trusts: What Is Permissible in NY?
In her 'Ask the Former Regulator' column, Erica Buckley explains the type of for-sale housing that can be built on a community land trust as well as what the New York Attorney General's filing requirements are for this kind of housing.
March 31, 2022 at 12:00 PM
8 minute read
Real Estate
Question: I am an executive director of a nonprofit that develops affordable homeownership in New York City. There has been a lot of buzz about community land trusts lately, and how they can be deployed to create affordable homeownership opportunities that remain affordable to low-income families in perpetuity. Can you explain to me the type of for-sale housing that can be built on a community land trust as well as what the New York Attorney General's filing requirements are for this kind of housing?
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