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The goal of the Guide is to introduce the Community Land Trust affordable homeownership program to readers who are not yet familiar with it, to connect readers to excellent national and Texas-specific CLT resources, to share best practices in place in Austin for appraising CLT homes and land, and to share Texas-specific CLT legal documents.  \n\n| The author, Eliza Platts-Mills, is an attorney and a Clinical Professor with the Entrepreneurship and Community Development Clinic at The University of Texas School of Law. The Clinic is a legal clinic staffed by three experienced Texas attorneys and second- and third-year law students who work under the close supervision of the licensed attorneys. The Clinic provides free transactional legal services to non-profit and low-income for-profit businesses in Texas and has extensive experience providing legal representation to non-profit affordable housing developers, including preparing all the legal documents to set up the first Community Land Trust program in Texas. The Clinicalso helps clients with policy research and advocacy related to affordable housing in Texas.\u003Cbr>Special thanks to the Texas Access to Justice Foundation for funding support of this toolkit.\u003Cbr>Professor Platts-Mills would like to thank her client, Guadalupe Neighborhood Development Corporation, and specifically Mark Rogers, Executive Director, and Cassandra Ramirez, Assistant Director; her Clinic colleagues Heather K. Way, Frances Leos Martinez, and Lauren Loney; Kathryn Kalinowski, Program Coordinator at the University of Texas School of Law, for her assistance with the graphics in the report; and the following clinic students, all of whom have added significantly to the Clinic’s institutional knowledge about setting up Community Land Trusts in Texas:\u003Cbr>Austen Heim Alex Jashinsky Allison Bendele |  |  |\n| --- | --- | --- |\n| Jessica Kludt | Sean Ehni | Cameron Land |\n| Jeff Nydegger | Jeremy Wilkins | Patrick Arnold |\n| Neal Coleman | Rebecca Piller | Victoria McGuire |\n| Adrian Dunbar | Alex Rodriguez | Catherine Ellis |\n| Michael Cramer | Nina Culotta | Ryan Yergensen |\n| Sarah McDermand | Kelly Hill | Allyson Boney |\n| Matthew Richardson | Mei Jin | Cyrus Mahdavi |\n| Kirstyn Kelley |  |  |\n\nTo learn more about the Entrepreneurship and Community Development Clinic, including how to apply for our services, please visit our website at [https://law.utexas.edu/clinics/ecdc/](https://law.utexas.edu/clinics/ecdc/ or)[ or](https://law.utexas.edu/clinics/ecdc/ or) call (512) 232-2574.  \nThis Guide is by no means a comprehensive description of every legal and business issue that will arise when creating a Community Land Trust in Texas. In addition, real estate law, like any other area of law, is subject to change by the state legislature and courts. As a result, while every effort has been made to make these materials as accurate as possible, these materials are not to be used as a substitute for the advice of an attorney. Persons reviewing this Guide should not act upon the information without seeking the advice of an attorney.  \nThis Guide does not represent the official position of The University of Texas School of Law or The University of Texas. The information provided reflects only the opinions of the individual author and the Entrepreneurship and Community Development Clinic.  \nTHE UNIVERSITY OF TEXAS SCHOOL OF LAW  \nEntrepreneurship and Community Development Clinic  \n727 East Dean Keeton Street Austin, Texas 78705  \n(512) 232-2574  \n Table of Contents    \nI. An Introduction to the Community Land Trust Program ................ 4  \nII. History of the Community Land Trust Progr","cbCaitqO5zeEt3tQ","https://ap.wps.com/l/cbCaitqO5zeEt3tQ","pdf",1743931,31,"English","# An Introduction to the Community Land Trust Program\n# History of the Community Land Trust Program\n# Important Community Land Trust Concepts\n# How the Community Land Trust Program Works\n# How Is CLT Homeownership Different From and Similar to Other Types of Homeownership?\n# Structural Decisions When Creating a CLT Program\n# Mortgage Loans for CLT Homeowners\n# Legal Documents Used in a Community Land Trust\n# Understanding and Selecting the Resale Formula\n# Property Tax Treatment of the CLT Home and Land in Texas\n# Helpful CLT Resources\n# FAQ from Potential Homeowners","[{\"question\":\"Who is the CLT guide intended for and what is its purpose?\",\"answer\":\"The guide is intended primarily for affordable housing developers, and it aims to introduce the CLT affordable homeownership program to readers new to it. It also connects readers to national and Texas-specific resources, shares Austin appraisal best practices, and provides Texas-specific legal documents.\"},{\"question\":\"What major topics are covered in the guide’s program overview sections?\",\"answer\":\"The guide covers the CLT program introduction and history, important CLT concepts, how the program works, and how CLT homeownership differs from and resembles other homeownership types. It also explains structural decisions for creating a CLT program.\"},{\"question\":\"What types of legal and financial documents does the guide address?\",\"answer\":\"The guide includes CLT legal documents, discusses mortgage loans for CLT homeowners, and explains the resale formula selection process. It also covers property tax treatment of the CLT home and land in Texas.\"}]","A Guide for Developing Community Land Trust Affordable Homeownership Programs in Texas - First Edition - Summer 2018 | PDF",1789437342,78]