Not started
H
HousingIncrease Funding for the Citywide Community Land Trust Initiative
Allocates matching funds to raise the Citywide CLT Initiative budget to $6 million.
Date Promised
February 3, 2025
Owner Agency
City Council
Requires State Action
NoLast updated: January 2, 2026
Overview
• The administration would provide matching funds for the City Council’s Citywide Community Land Trust Initiative, increasing total funding to $6 million annually.
Community Land Trusts are nonprofit organizations that hold land to support long-term affordability and community control of housing, with more than 20 operating across New York City.
• The funding proposal supports other community land trust policies, including plans to pass the Community Land Act governing the sale of city-owned land.