Yay. I love the expansion of #communitylandtrusts for #affordablehousing...
with a few caveats.

For those out of the know, community land trusts #CLT's are mostly nonprofit organizations that acquire and own land to house existing residents and prevent displacement, and maintain community ownership away from the reach of private developers.

All good and well, but remember, acquiring land costs a BUTT TON of money. Land trusts have been notoriously hard to scale. Even with $20M from #MackenzieScott I don't have high hopes that this changes CLT's viability in making a dent in our housing supply.

I would love to see CLTs develop the land to be able to fit denser and more numerous units to accommodate more families. People can correct me if I am wrong, but I don't see this happening enough.

#philanthropy #housing

https://sfstandard.com/2023/09/07/mackenzie-scott-donates-20m-to-san-francisco-housing-nonprofit/