How Are CLTs funded and how do they sustain themselves?

A:

Like most non-profit organizations, CLTs rely on a mix of monies.  Fees from CLT residents, while minimal, can provide steady and substantial funding once the CLT achieves a significant portfolio of properties.  Until them, CLTs rely on foundation grants, donations, low-cost private and public financing, and public funds.  In Baltimore, the Housing Roundtable is calling upon the city to provide $20 million annually in public funds to support CLTs.   The Roundtable also is calling upon the city to support community leadership development and leadership succession in community groups that establish CLTs.