CDA recommends village board explore community land trust and use of TID-extension funds

The Shorewood Community Development Authority voted to recommend that the village board pursue the concept of a community land trust (CLT) property and consider allocating TID-extension (TID 1 extension) funds to support the approach. Members discussed benefits, limits, and operational requirements, and several asked for additional detail and staff capacity analysis before any binding commitment.

Nut graf: CDA members framed the motion as a recommendation-only to the village board. The discussion weighed CLT27s potential to create in-perpetuity affordable homeownership against concerns that using TID funds to buy existing duplexes would reduce the local property tax base and might provide limited new housing units compared with new development.

Key points from discussion

- Motion on the table: One member moved that the CDA recommend to the village board that the village pursue a community land trust property and request allocation of TID 1 extension funds for that purpose; another member seconded. The CDA then debated the concept and competing priorities before putting the recommendation to a vote.

- Purpose and mechanism: A presenter described how a CLT model would work:…