During a recent government meeting, Teresa Jones presented an overview of the Community Land Trust (CLT) initiative, emphasizing its potential to enhance affordable housing in Walton County. A CLT is a nonprofit organization that acquires and manages land for community benefit, ensuring local representation through a board composed of community members.

Jones outlined several key advantages of establishing a CLT, including the separation of land ownership from building ownership, which can significantly reduce housing costs. This model promotes long-term affordability by leasing land to homeowners at below-market rates, thereby preventing speculative pricing. Additionally, CLTs engage residents in planning and decision-making processes, fostering a sense of community ownership and responsibility.

Currently, Jones and Habitat Walton County are in the process of obtaining certification to establish a CLT specifically for Walton County, with plans to collaborate with the Florida Housing Coalition and MAC starting in January. She highlighted the initiative as a valuable tool for promoting affordable housing and addressing potential public land development opportunities.

Jones expressed her enthusiasm for the project, noting that it is a timely and relevant topic in the community. She encouraged committee members to consider the CLT as a strategic option for future housing developments and welcomed any questions regarding the initiative.