NYC Council · Int 1007-2024 · Filed (End of Session)

Community land trust regulatory agreements for the provision of services in addition to housing that benefit the local community.

Introduced

Moved

Reached a final decision

Introduced Aug 15, 2024

Official status: Filed (End of Session)

Derived from the official record below.

Officially: “A Local Law to amend the administrative code of the city of New York, in relation to community land trust regulatory agreements for the provision of services in addition to housing that benefit the local community” Read the full text

Housing and Buildings

What it does

A Community Land Trust (CLT) is a non-profit, community-run organization that can acquire and develop land usually with the goal of promoting permanent affordable housing and stabilizing housing markets. This bill would permit City agencies to enter into regulatory agreements with CLTs that cover more uses beneficial to the local community beyond housing, such as manufacturing and commercial uses the development of open space and community gardening.

Summary written by City Council staff, from the official record. Plain-language AI rewrite with cited sections coming. Not legal advice.