Answer
Like most non-profit organizations, CLTs rely on a mix of monies. Fees from CLT residents, while minimal, can provide steady and substantial funding once the CLT achieves a significant portfolio of properties. Until them, CLTs rely on foundation grants, donations, low-cost private and public financing, and public funds. In Baltimore, the Housing Roundtable is calling upon the city to provide $20 million annually in public funds to support CLTs. The Roundtable also is calling upon the city to support community leadership development and leadership succession in community groups that establish CLTs.
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