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Rep. Perriman pitches bonus points for community land trusts to boost affordable homeownership
Summary
Rep. Perriman introduced HF3600 to give jurisdictions that establish community land trusts up to 5 percentage-point bonus scoring from the Minnesota Housing Finance Agency; testimony from land-trust advocates highlighted long-term affordability and state investments in CLT homes.
Rep. Perriman introduced House File 3600 to the House Housing Finance and Policy Committee, proposing that the Minnesota Housing Finance Agency give up to 5 percentage points of additional scoring in competitive development programs to cities and townships that establish community land trusts.
The bill’s sponsor said the change is intended to incentivize local jurisdictions to create community land trusts (CLTs), a model in which land is held in trust for community benefit while homeowners own…
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