24:1 Community Land Trust

Established in 2011, the 24:1 Community Land Trust aims to help people purchase homes in a thriving, supportive community.  To do so, the CLT builds and renovates homes in the Normandy School District and retains ownership of the land to ensure the housing remains affordable.  To support residents, all homeowners have access to health, educational, and related services provided by Beyond Housing.  To date, the CLT is credited with spurring over $100 million in economic development, including new homes, a bank, a grocery store, and a cinema.  In 2016, the CLT completed several commercial projects, including the Red Dough Money Center (providing an affordable alternative to payday loan services) and the Excel Center (offering financial empowerment services).  The CLT is now developing a $5.8 million project that will include 41 new homes.