Committee approves two community land trust designations, pre‑authorizes initial units
The committee approved designation recommendations for two community land trusts (Moc Development Funds CLT and Silk Road CLT) and recommended a 50% property‑tax exception where eligible; staff said designations require annual updates and inventory reporting as CLTs develop units.
The full story
The committee approved recommendations to designate two community land trusts and to allow a 50% property‑tax exception where eligible, a step intended to support long‑term affordable homeownership.
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