Community Land Co-operative Template Rules & Guide (Australia)
This resource from Australia’s Co-operation Housing is a guide on establishing a community land trust (CLT) using a cooperative legal structure. Furthermore, it addresses the key question of how the core objectives of CLTs and cooperatives can be combined.
A significant problem that limits the establishment of new housing cooperatives in Australia is competing with developers for property and securing the purchase of a property to provide time to establish the housing cooperative. To address this problem, the proposed solution is to establish a fund using cooperative legislation where the member financial contributions are used to purchase property that can then be leased to a housing cooperative. The cooperative would be similar to a community land trust.
What is a Community Land Trust?
A community land trust is an organization that provides ongoing affordable housing and other community benefits. It is usually set up as a private non-profit community organization. CLTs provide a range of affordable housing options, including resale-restricted home ownership, rental housing, housing cooperatives, as well as other commercial and community spaces.
Click here to download the resource and find out more. (June 2024)