Redefining responsible Growth

The First Community Land Trust in Western Pennsylvania

Need to submit an intake form?

If you’re interested in applying for a CLT home, download the intake form here and email it to ed@lawrencevillecorp.com.

Interested in learning more?

 Contact us to set up a meeting about CLT homeownership opportunities. You can also click here to see the slides from our CLT 101 presentation, which covered the basics about how the Land Trust works and how to buy one of our houses.

What is a Community Land Trust?

Community Land Trusts (CLTs) create affordable housing while still allowing low and moderate income residents to build equity as homeowners. Moreover, because CLTs retain ownership of the underlying land, CLT housing remains permanently affordable, even as the original beneficiaries of an affordable home price sell and move on. This long-term, continuing benefit makes CLTs an especially efficient use of affordable housing subsidies.

By locking in permanent access to affordable housing, CLTs play an important role by bringing balance to areas with large amounts of market-rate development.

According to the U.S. Dept. of Housing & Urban Development (HUD) housing is affordable when the occupant(s) is/are paying no more than 30 percent of his or her income for housing costs. Generally, “affordable housing” refers to housing that is affordable (based on the above 30% metric) to households at or below a certain level of Area Median Income.

Area Median Income (AMI)  is updated annually by HUD.  The Pittsburgh Metro Area’s AMI for 2016 is $71,200 for a family of 4.

Typically, affordable housing for homeowners is deemed affordable when it is available to households who earn 80% or less of the Area Median Income for their family size. Similarly, affordable rental housing is deemed affordable when it is available to households who earn 50% or less of the Area Median Income for their family size.

Provided by burlingtonassociates.com (click to enlarge)

Community Land Trusts (CLTs) are nonprofit initiatives governed by a board of CLT residents, community members, and public representatives that provide permanently affordable housing opportunities. CLTs exist in 45 states and the District of Columbia. The heart of CLT’s work is the creation of homes that remain affordable for generations to come. CLTs are a proven tool to maintain and provide economic diversity, preserving the authenticity of Lawrenceville.

While typical subsidies for affordable housing, such as second deferred mortgages, can create affordability for a decade or so, the CLT model creates permanent affordability, preserving the initial subsidy in perpetuity.

The CLT model limits homeowner equity in order to ensure long-term affordability—a typical trade-off as every dollar of equity is gained in exchange for a dollar of affordability. However, CLT homeownership still builds equity.

CLT homes represent the first rung in the ladder of homeownership and the Lawrenceville Corporation seeks to build the ladder!

Lauren Connelly

Manager, Business Development,
Allegheny County Economic Development
Lawrenceville Corporation Board Member
Tenth Ward Resident

Deirdre Kane

Owner, 52nd Street Market
Lawrenceville United Board Member
Tenth Ward Resident

James Eash

Real Estate Development Officer, ACTION-Housing

Matthew Galluzzo

Executive Director, Lawrenceville Corporation

Amanda Neatrour

Tenth Ward Resident

Dave Green

Lawrenceville Corporation Board Member
Tenth Ward Resident

Ed Nusser

Real Estate and Planning Manager, Lawrenceville Corporation

Dave Breingan

Executive Director, Lawrenceville United
Lawrenceville Corporation Board Member
Sixth Ward Resident

What is “affordable housing”?

Housing is deemed affordable to its occupant when they are paying 30% or less of their gross income on housing costs. (If a household is paying more than that, they are said to be”housing insecure,”). Typically, “affordable housing” refers to housing that is required to be affordable, based on the 30% of income rule, for households who earn a certain percentage of Area Median Income.

What is Area Median Income?

Area Median Income (AMI) for short is a figure that is updated annually by the Department of Housing and Urban Development and it is indexed by family size.

What is the Area Median Income here?

The Pittsburgh Area’s Area Median Income includes all of Allegheny, Butler, Beaver, Westmoreland, Washington, and Fayette Counties. The chart below shows exactly what AMI is for our area in 2016.

Household Size

1 2 3 4 5
50% AMI $24,950 $28,500 $32,050 $35,600 $38,450
80% AMI $39,900 $45,600 $51,300 $56,950 $61,550
100% AMI $49,900 $57,000 $64,100 $71,200 $76,900

On May 7th, we gave a presentation about the recent history and current state of the housing market in Lawrenceville. Check out the presentation!

 

We didn’t make this up on our own. Learn about CLT best practices from this presentation from Mike Brown of Burlington Associates in Community Development.

(Note: A portion of Ed’s presentation from May 7th included slides from this presentation.)