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What is a Community Land Trust?
A community land trust is a private non-profit corporation created to acquire and hold land for the benefit of a community and provide secure affordable access to land and housing for community residents. CLTs prohibit speculation of land and housing, promote ecologically sound land-use practices, and preserve the long-term affordability of improvements on the land.
A Community Land Trust is a democratically structured, community based non-profit corporation, designed to strike a fair balance between individual and community interests.
The purpose of the CLT is to acquire land and remove it from the speculative, for-profit market. The land is made available to individual families, cooperatives, and/or other organizations through long-term leases.
CLT’s combine the best features of private and community ownership. Residents have some essential benefits of home ownership: lifetime security, a limited fair equity for their investment, and a legacy for their descendants.
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What is the history of Community Land Trusts?
Founders of the Institute Community Economics (ICE) conceived the Community Land Trust (CLT) model in the late 1960’s. One source of inspiration was Vinoba Bhave’s Granada or “land gift” movement in India, a successful voluntary land reform effort initiated during the 1950’s. Also influential were the Jewish National Fund, the conservation land trust movement, and Native American concepts of land stewardship. The Community Land Trust (CLT) is a contemporary American adaptation of these influences: a new model for land reform, preservation and sustainable, affordable development.
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How are CLTs different from conservation land trusts?
Both CLTs and conservation land trust control land use for the benefit of people in the future as well as the present, but they tend to be concerned with different types and uses of land.
Conservation trusts are primarily concerned with controlling rights to undeveloped land to preserve open space, ecologically fragile or unique environments, wilderness, or productive forest or agricultural land. CLTs, on the other hand, are primarily concerned with acquiring residential use.Some land trusts combine both purposes, preserving some land in a natural state while leasing other land for development.
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What is the ultimate number of households anticipated?
We currently have 6 and are planning to include 1 additional household.
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Do Community Land Trusts pay property taxes?
Yes, Community Land Trusts pay property taxes on land and improvements.
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Are there restrictions on the use of rented land?
Contingent upon resident and board approval. Any use must sustainable.
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How much land is available for lease?
There are 275 acres total. 50 acres are currently leased. Of the total acreage, there are 220 acres of forest land, 25 currently under conservation. Approximately 200 forested acres is currently not leased.
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Who owns the land?
Cold Pond Community Land Trust
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What does it cost to lease land?
The resident site lease fee for 75 feet from the outside walls of your dwelling is currently $ 141.25 per month.
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What does the lease fee go towards?
CPCLT land taxes, insurance, administration overhead.
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What financial commitments are required?
Paying monthly lease fee. No financial investment is required, however investment is encouraged.
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What is expected of me as a resident?
Attendance at weekly meetings and adherence to Guiding Principles.
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What is the role of the Board of Directors?
Oversee management of land, organization and financial responsibility and establishing policy.
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How are community decisions made?
Consensus.
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What is the purpose of the one year trial?
To see if the land trust, life style, location and personal relationships work well with the prospective residents and residents of CPCLT.
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Where do I live during my one year trial period?
There is currently no housing available. Each household or individual must provide for their own housing (tipi, yurt, tent, local rental, etc.).
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Where are the closest towns for business/ shopping, etc?
South Acworth ( 4 ml.), Charlestown (8 ml.), Walpole (12 ml.), Bellows Falls (15 ml.), Claremont (15 ml.), Newport (17 ml.), Keene (30 ml.).
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What are the opportunities for employment off the land?
Various options in trades, schools, municipalities & local small businesses. Employment opportunities are varied and plentiful if you are willing to travel to the towns listed above.
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What are the education options for children?
Public elementary school in Acworth center; regional high schools near by; private schools include the Orchard School and a Waldorf School in Keene; home schooling is always an option.
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Does the community subscribe to specific spiritual beliefs?
No, but all beliefs are embraced and encouraged.
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