Asheville-Buncombe Community Land Trust

City commits $1M to land trust to create affordable housing, battle gentrification

(Article from Asheville Citizens Times)

by Dillon Davis

 Asheville City Council recommitted $1 million Tuesday to a new community land trust that will help the city and Buncombe County offer affordable housing and stave off the effects of neighborhood gentrification.

Council unanimously voted to allocate the funding for the Asheville Buncombe Community Land Trust. It comes as city voters approved a $25 million affordable housing bond in November 2016, one of three general obligation bond issues to pass in the election with large margins.

Of the total, $10 million was approved for direct project investment while $1 million was set aside for a future community land trust.

Paul D’Angelo, a housing development specialist for the city, told the council a community land trust is “a great, permanently affordable housing and homeownership tool” for the area.

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Membership Overview

The ABCLT is a membership-based nonprofit that is controlled by its members. All ABCLT homeowners are members, and other people in the community may also join. All general members have a say in the direction of the ABCLT through voting at the annual membership meeting.

As a general member, you will:

  • Help create and maintain housing that will remain permanently affordable.
  • Participate in meetings of the Membership. 
  • Cast 1 vote on matters properly put before the Membership.
  • Nominate and participate in the election of the Board of Directors.
  • Serve on the Board or committees, if chosen.
  • Receive notices and minutes of Membership Meetings and Annual Reports.
  • You are invited to attend trainings and events.

As a supporting member, you will:

  • Help create and maintain housing that will remain permanently affordable. 
  • Participate in meetings of the Membership. 
  • Serve on the Board or committees, if chosen.
  • Receive notices and minutes of Membership Meetings and Annual Reports.
  • You are invited to attend trainings and events.

The annual membership fee is $25/year or 2 hours of sweat equity.

To become a member, please complete online the application form on this page or you can download the PDF version and mail it in with your $25 membership fee.