Jason Webb of Grounded Solutions Network is part of the team creating a new community land trust in Indianapolis. In a recent webinar, he reflected on how living in a Community Land Trust (CLT) helps families build wealth, just not in the traditional way. “The generational wealth that homeownership can bring to future generations is more than just the dollars and cents that somebody could get from that real estate transaction. The wealth really comes from the stability of having a home, of not needing to go through the rent increases year after year.” The goal is for lease owners to be in a better situation than they’d be in if they rented, so that they can invest a larger portion of their disposable income into their businesses, retirement accounts, and families. A Community Land Trust...
