Support creation of Richmond Community Land Trust
In Plain English
A community land trust is a nonprofit that buys land and sells homes to families while keeping the land permanently affordable. Richmond currently has limited options for first-time homebuyers as housing prices rise. If approved, the city formally endorses creating this trust to help residents buy homes they can actually afford.
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Votes
Motion · Official minutes
Adopt Resolution No. 105-09
6 aye · 1 nay
Why This Vote Matters
Richmond's city council voted to formally support creating a community land trust that would help residents buy affordable homes. The trust would work by purchasing land and selling homes to families while keeping the land permanently affordable, giving first-time buyers more options as housing prices continue to rise. The council approved this endorsement with broad support in a 6-1 vote, with Councilmember Bates dissenting. While this resolution doesn't commit city funding, it signals the council's intent to pursue this affordable housing strategy.
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Related agenda records
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Development of Ordinance to Ban Land Grab Practices and Promote Housing Accessibility
Development of Ordinance to Ban Land Grab Practices and Promote Housing Accessibility
Presentation to Ban Land Grabs in Richmond - Protect Housing, Communities, and the Future
Contract with Opportunity West for Richmond Groundwork Trust
Equitable Public Land Disposition Policy