Community-Led Development on Community-Owned Land
OUR WORK
Headwaters Community Trust is working to create homeownership opportunities and access to land and housing for low- and middle-income community members through community-based ownership, development, rehabilitation, and maintenance. We serve the northeastern Vermont towns of Albany, Craftsbury, Glover, and Greensboro, as well as adjoining communities. Our service area encompasses the headwaters region of the Black, Barton, and Lamoille Rivers.
What Is a Community Land Trust?
A community land trust is a proven vehicle for creating affordable housing that is permanently sheltered from the speculative housing market.
Purchasers of trust-owned homes sign a long-term, low-cost lease on the underlying land, which remains the property of the trust. Separating the value of the land from the value of the buildings reduces the purchase price of the buildings. The land lease includes a formula that limits the profit on any future resale. This assures that homes in the trust remain affordable in perpetuity.
Residents of trust homes are voting members of the trust. They elect the trust’s board of directors and guide the trust’s operations and growth.
Seeking New Members!
A strong community land trust requires a strong community of people! Become a member of Headwaters Community Trust, and help guide the growth and development of this exciting new organization dedicated to developing permanently affordable homes and other community assets in Albany, Craftsbury, Glover, Greensboro, and surrounding communities.
