Stable Home Ownership in a Turbulent Economy: Delinquencies and Foreclosures Remain Low in Community Land Trusts
Lincoln Institute of Land Policy
Download Document| Date Published | 2011 |
| Version | |
| Primary Author | Emily Thaden |
| Other Authors | |
| Theme | Housing Finance Policy |
| Country |
Abstract
The study examined mortgage delinquency and foreclosure rates among the owner-occupants of resale-restricted houses and condominiums in community land trusts (CLTs) across the United States and compared CLT results to rates of delinquency and foreclosure among the owneroccupants of conventional market-rate housing reported by the Mortgage Bankers Association’s National Delinquency Survey (MBA). The study also explored practices and policies of CLTs that may help to explain their better performance.