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Community Land Trust Accelerator

The Citi/Grounded Solutions Network CLT Accelerator is an exciting new initiative aimed at addressing the affordable housing challenges facing urban, rural, and suburban communities nationwide by propelling the growth of community land trusts and other shared equity programs.

CLt Accelerator

2019 CLT Accelerator Fund Recipients Announced

Urban Homesteading Assistance Board (UHAB) of New York City and Mission Economic Development Agency (MEDA) of San Francisco join the Community Land Trust of Palm Beach (FL) County and Homes4Families of Los Angeles (CA) to receive strategic partnership engagement, technical assistance and financial support to produce affordable housing for local, low-income families color experiencing a significant risk of displacement – part of the Citi/Grounded Solutions Network Community Land Trust (CLT) Accelerator Fund.
 


With a $1 million investment from Citi Community Development, Grounded Solutions Network is driving a major new effort to scale up the sector and increase access to permanently affordable homeownership opportunities for low-income, first-time homebuyers.

Through the CLT Accelerator program, Grounded Solutions will provide technical assistance to CLTs and shared equity homeownership programs across the United States and develop a suite of tools and resources designed to help policymakers, community groups, and residents establish and grow new programs. 


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CLT Accelerator News

*NEW* Press Release: Second Round Fund Recipient Announcements

Press Release: First Round Fund Recipient Announcements

Press Release: Accelerator Launch

Private Sector Solution to Housing Gets Off the Ground – Wall Street Journal

Permanently Affordable Housing Gets its Own Accelerator – Fast Company

New Program Aims to Help Community Land Trusts Get to Scale – Shelterforce

What Miami’s Skyline Could Mean for All of Miami’s Residents – NextCity


2018 CLT Accelerator Fund Recipients

As part of the Citi/Grounded Solutions Network CLT Accelerator, we held a competitive review process to select the 2018 CLT Accelerator Fund recipients. Together, Citi and Grounded Solutions Network are providing technical assistance and investing $500,000 in capital funds for residential projects in select markets that hold the potential to transform the lives of low-income households.

We received nearly 20 qualified applications, and after a thorough review and vetting process, Grounded Solutions Network is providing capital funds and technical assistance to support the following projects:

More information on the projects and grantees is available at this link. We look forward to sharing the CLT Accelerator Fund recipients’ successes during their one-year grant period ending in July 2019 and beyond. Stay tuned for more information on their work and other Citi/Grounded Solutions Network CLT Accelerator tools and resources.

The application process for the Citi/Grounded Solutions Network CLT Accelerator closed on May 18, 2018. For reference, here is the original application guide and FAQ documents.


About the Founding Corporate Partner 

Citi Community Development leads Citi’s commitment to financial inclusion and economic empowerment for underserved individuals, families and communities across the U.S. Through innovative collaborations with municipalities, community groups and leading nonprofit organizations, we harness Citi’s expertise, products and services to help expand opportunity for all.

Additional information can be found at http://citicommunitydevelopment.com

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