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Loans for Community Land Trusts and Other Affordable Housing

Three Springs Community

Three Springs Community

Three Springs is a twenty-year-old intentional community near the geographic center of California.  It holds about 160 acres of land in common “to promote and demonstrate ecologically sustainable living and agricultural practices” and “to protect the unique flora and fauna of the Sierra Nevada foothills.”  Members grow flowers and native plants to sell at farmers markets and to local restaurants; …

Coalition for Occupied Homes in Foreclosure

COHIF rehab project

The Coalition for Occupied Homes in Foreclosure (COHIF) is a Boston-based coalition of more than two dozen tenant, community, nonprofit, legal, and government agencies and organizations that came together in 2008 to work on keeping homeowners and tenants in their homes during and after the foreclosure process. It seeks to promote household and neighborhood stability and resident and community control …

Woodland Community Land Trust

Woodland Community Land Trust

The Woodland Community Land Trust operates in an impoverished Appalachian community in northeastern Tennessee, where access to land and political and economic power has been tightly controlled by a few major extractive companies.  For almost forty years, Woodland and its sister organizations, Woodland Community Development Corporation and Clearfork Community Institute, have acquired 450 acres of land and become involved in …

Rocky Corner Cohousing

Rocky Corner Cohousing will be the first cohousing community in Connecticut and will include nine affordable units among the thirty planned, as well as commercial agricultural land that could be made available on long-term leases using the Equity Trust model. Our loan finances predevelopment work necessary to secure a construction loan that will replace the coalition of acquisition and …

New London Homeless Hospitality Center

New London Homeless Hospitality Center The New London (Connecticut) Homeless Hospitality Center (NLHHC) is a non-profit human services agency whose mission is “to serve as a bridge out of homelessness by helping our guests pursue their self-selected path to permanent housing.” Begun as a coalition of citizens, faith communities, and service organizations, the Homeless Hospitality Center has operated a daytime hospitality center and overnight shelter since 2007, and also offers employment and health care assistance.

New Town Florist Club

New Town Florist Club

Equity Trust’s loan to the New Town Florist Club, in Gainsville, GA, enabled them to purchase four lots to build four CLT homes for low-income families as part of a long-term effort to strengthen and care for their community.

Sixty years ago, a group of African American women established the New Town Florist Club to provide aid to neighborhood families …

Holyoke Community Land Trust

Holyoke Community Land Trust, in Holyoke, Massachusetts, provides quality homes to low-income families, with a commitment to increasing resident homeownership. Residents own their own homes, but the land beneath is held by the nonprofit, to ensure owner-occupancy and on-going affordability. Formed in 1992, after a recent several-year period of dormancy it was reinvigorated in early 2010. A cash-flow loan from …

H.O.M.E.

H.O.M.E.

H.O.M.E. (Homeworkers Organized for More Employment) in Orland, ME, was organized in 1970 when a local shoe manufacturer closed its doors. Under the leadership of Sister Lucy Poulin, H.O.M.E emerged as a craft collective to generate home-based work and market the products as a source of income for the women who had been doing skilled piecework for the company.

For …

Community of Hope

Community of Hope

Community of Hope is a non-profit organization, whose mission is to assist people recovering from substance-abuse. The loan was used as the down payment for the purchase and conversion of a multi-family house for use as transitional “sober” housing for women…