The Federal Reserve Bank of Richmond is holding a forum on community land trusts on March 17, 2011, in Winston-Salem, N.C. Community Land Trusts: A Model for Neighborhood Stabilization and Revitalization will feature consultants from Burlington Associates, a leading provider of technical assistance to community land trusts in the United States, discussing how to effectively use land trusts to support neighborhood stabilization efforts and preserve long-term affordable housing.
Community land trusts, or CLTs, have been adopted nationally to promote the development and preservation of affordable housing, create homeownership opportunities and to support the stabilization and revitalization of communities. The community land trust model specifically is important as communities think through how to recover from the destabilizing impact of foreclosures. CLTs can offer a balanced approach to ownership: the nonprofit trust owns the land and leases it, for a nominal fee, to individuals who own the buildings on the land. Targeted to affordable housing practitioners, real estate professionals, financial institutions, foundations and local and state policymakers, this forum will provide participants with an opportunity to learn about best practices for financing, marketing, and sustaining CLTs from experienced North Carolina and Georgia trustees.
Forum partners include Forsyth County, the city of Winston-Salem, the North Carolina Housing Coalition, the Z. Smith Reynolds Foundation and other key community leaders.
The forum will be held March 17, at the Lawrence Joel Veterans Memorial Coliseum Complex in Winston-Salem, starting at 9:00 a.m. More information on the event can be found at Land Trust Conference.
The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. As part of the nation's central bank, we're one of 12 regional Reserve Banks that work together with the Federal Reserve's Board of Governors to strengthen the economy and our communities. We manage the nation's money supply to keep inflation low and help the economy grow. We also supervise and regulate financial institutions to help safeguard our nation's financial system and protect the integrity and efficiency of our payments system.
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