Emily thaden and branda thorpy tuesday state of u.s. cl_ts 6-20-13
10
EMILY THADEN, PH.D. NATIONAL CLT NETWORK BRENDA TORPY CHAMPLAIN HOUSING TRUST The State of CLTs in the U.S.
Transcript of Emily thaden and branda thorpy tuesday state of u.s. cl_ts 6-20-13
E M I L Y T H A D E N , P H . D .N A T I O N A L C L T N E T W O R K
B R E N D A T O R P YC H A M P L A I N H O U S I N G T R U S T
The State of CLTs in the U.S.
Roughly 250 U.S. CLTs
Exponential Growth of CLTs
0
20
40
60
80
100
120
140
160
180
200
220
240
260
1970-74 1975-79 1980-84 1985-89 1990-94 1995-99 2000-04 2005-09 2010-13
Foreclosure filings on U.S. properties by year
1 in 45 housing
units
1 in 45 housing
units
We’re the solution to “hot market” problems
% of Median Income
needed for first purchase
% of Median Income
needed for subsequent
purchases
We’re the solution to “cold market” problems
Fewer clt start-ups after NSP
Less homeownership development after NSP
Shrinking public & private funding
Lack of access to home mortgages
Fewer mortgage -ready buyers
More in-trouble owners
Consequences of the foreclosure crisis & Great Recession
More rental development
More urban agriculture
More mergers & acquisit ions
Needed organizational sustainability planning
New solutions in response to new problems
PUBLIC AWARENESS
CAPACITY
BEST PRACTICES
FUNDING
GROWTH
Ongoing challenges for CLTs
Proactive, effective, and participatory policy engagement
Grow capacity of CLTs
Expansion-adoption approach for on -the-ground outcomes
Broader sector development & coordination around “permanently affordable housing”
Organize, brand, professionalize, and standardize the broader sector
Future Directions (hoped by the Network)
