The effects of community land trusts on neighborhood outcomes

Omer Ali and Sarah Raviola

Real Estate Economics, 2025, vol. 53, issue 3, 498-542

Abstract: We examine the spillover effects of community land trusts (CLTs) on nearby house prices and demographic composition. CLTs are nonprofits that promote affordable home‐ownership by holding the land in trust and selling the dwellings to income‐eligible households. We build a new data set of property acquisitions from 15 major CLTs, combined with data on housing transactions, demographics, and migration histories over the period 2000–2016. Results show that acquisitions stabilize or increase nearby home prices, even as broader neighborhood prices decline, with no detectable effect on resident displacement. Our findings suggest that CLTs can play a role in stabilizing neighborhoods with declining property values.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/1540-6229.12525

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:reesec:v:53:y:2025:i:3:p:498-542

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1080-8620

Access Statistics for this article

Real Estate Economics is currently edited by Crocker Liu, N. Edward Coulson and Walter Torous

More articles in Real Estate Economics from American Real Estate and Urban Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().