Community Land Trust

What Community Land Trust does

The Community Land Trust of Palm Beach County and the Treasure Coast, Inc. (CLT of PBCTC) is a 501(c)(3) nonprofit founded in 2006 by Palm Beach County and headquartered in Lake Worth Beach, Florida. It operates the Community Land Trust shared-equity housing model, in which the organization retains ownership of the land and conveys the structure to income-qualified buyers under a renewable 99-year ground lease, with a resale-restriction formula designed to keep homes permanently affordable across successive owners. Core products include three rental communities (Davis Landings — 25 units completed 2012; La Joya Villages — 55 units completed 2014; Davis Landings West — 24 ownership homes completed 2018), a portfolio of CLT-owned single-family homes (61 developed to date), the Davis Commons townhouse development, the Kirk Road CLT Homes project, and the Port St. Lucie Homebuyer Assistance Program (launched 2024) offering up to $100,000 per household for 4–6 first-time buyers.

CLT of PBCTC earns revenue from three streams: home sale proceeds on structures (one-time per transaction), recurring ground lease fees on its ownership portfolio, and recurring rental income from its 80 multifamily units. The bulk of its capital, however, comes from public sources — federal and state affordable housing grants (including HUD NSP2), county and municipal co-development contributions (Palm Beach County, Lake Worth CRA, City of Port St. Lucie, Town of Jupiter), and philanthropic grants including a $2 million Robert Wood Johnson Foundation investment through the Grounded Solutions Network / National Housing Trust pilot (2025). Its customers are exclusively low- to moderate-income households earning up to 120% of Area Median Income (homeownership) or up to 60% AMI (rentals), reached through a community-led GTM: partner referrals from HUD-certified counselors (Debt Helper), housing authorities (West Palm Beach, Delray Beach), Legal Aid, the Fair Housing Center, and a first-qualified/first-served intake process, with Port St. Lucie using a lottery mechanism.

The organization has produced 61 permanently affordable CLT homes plus 80 multifamily rental units, executed over $12 million of federal/state funding under its Executive Director, and in 2025 was selected as one of four CLTs nationwide for the Grounded Solutions Network / National Housing Trust pilot, signaling a capacity-building phase rather than an exit trajectory. Business model is durable as long as public funding and ground lease stewardship continue, but is structurally growth-capped by subsidy availability and 11–50 headcount.

Name

Community Land Trust

Legal name

Community Land Trust of Palm Beach County and the Treasure Coast, Inc.

Website

https://cltofpbc.org

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

CLT of PBCTC is a Florida 501(c)(3) nonprofit operating the Community Land Trust shared-equity model — retaining land ownership under 99-year ground leases to deliver permanently affordable rental and homeownership opportunities to low- and moderate-income households across Palm Beach County and the Treasure Coast.

Ownership category

akta.pro rank

Product category

Affordable Housing

NAICS

Lessors of Residential Buildings and Dwellings (53111)

SIC

Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

Keywords

• Affordable housing development
• Shared-equity homeownership
• Community land trust
• Rental property management
• Permanently affordable housing

Headquarters

HQ city

Lake Worth

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Home Sales (Shared-Equity Homeownership): CLT acquires land and constructs or rehabilitates homes, then sells the home (not the land) to income-qualified buyers at below-market prices. The ground lease separates land from structure, making homeownership more affordable. Revenue comes from home sale proceeds and ongoing ground lease fees from homeowners.
2. Government Grants and Foundation Funding: CLT of PBCTC leverages grants and technical assistance from entities such as the Robert Wood Johnson Foundation ($2 million investment for the national CLT pilot), federal programs, state grants, and below-market construction loans. This funding supports housing development and operational capacity.
3. Rental Income (Multifamily Units): CLT operates 80 multifamily rental units (Davis Landings — 25 apartments completed 2012; La Joya Villages — 55 apartments completed 2014) for households earning up to 60% of area median income. Tenants apply on a first-qualified, first-served basis through a waitlist.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

CLT of PBCTC is a nonprofit Community Land Trust that develops, owns, and stewards permanently affordable rental and homeownership housing in Palm Beach County and the Treasure Coast. It retains ownership of land while selling homes to income-qualified buyers under 99-year renewable ground leases with resale formulas, and operates rental communities (Davis Landings, La Joya Villages, Davis Landings West) for lower-income households.

Product overview

The Community Land Trust of Palm Beach County and the Treasure Coast is a non-profit affordable housing organization founded in 2006, not a technology product company. The organization operates as a community land trust model providing permanently affordable rental housing and homeownership opportunities. Core offerings include rental communities (Davis Landings with 25 units, Davis Landings West with 24 units, and La Joya Villages with 55 units) and homeownership programs including the Kirk Road CLT Homes, Davis Commons townhouses, and the Port St. Lucie Homeownership Program offering up to $100,000 in assistance. The organization also provides homebuyer counseling services and manages ground lease arrangements that separate land ownership from home ownership to ensure permanent affordability. To date, the CLT has developed 61 permanently affordable CLT homes and 80 multifamily rental units.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 61 permanently affordable CLT homes and 80 multifamily rental units developed
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core and minor.

• Grounded Solutions NetworkcoreStrategic or Co-development Partner · 1 January 2025Selected as one of four CLTs nationwide for a joint pilot with the National Housing Trust backed by a $2M Robert Wood Johnson Foundation investment. Grounded Solutions Network provides year-long customized technical assistance and funding to scale the CLT's affordable housing initiatives.
• National Housing TrustcoreStrategic or Co-development Partner · 1 January 2025Co-lead of the national CLT pilot program alongside Grounded Solutions Network, providing funding and technical support to expand CLT of PBCTC's affordable housing impact.
• Town of JupitercoreStrategic or Co-development Partner · 1 January 2025Town of Jupiter's Workforce Housing Ordinance created three CLT homes reserved for first-time buyers in specific income categories. CLT of PBCTC facilitated the purchase for a qualifying buyer (Rebecca).
• CornerstonecoreChannel Partner/ Reseller/ Distributor · 1 January 2025Developer and builder of three workforce housing homes in Jupiter that were sold to CLT of PBCTC buyers. Cornerstone's homes were created through the Town of Jupiter's Workforce Housing Ordinance.
• Fair Housing Center of the Palm BeachesminorOthers · 1 January 2025Provided closing cost assistance for Rebecca's workforce housing purchase in Jupiter, helping make the transaction more affordable.
• Legal Aid Society of Palm Beach CountyminorImplementation/ SI/ Consulting Partner · 1 January 2025Provided pro bono legal services for Rebecca's workforce housing purchase, enabling closing without costly legal fees for the first-time buyer.
• Debt HelperminorImplementation/ SI/ Consulting Partner · 1 January 2025HUD-certified housing counseling and homebuyer education provider. Assisted with pre-purchase counseling and education for Rebecca's first-time homeownership journey.
• City of Port St. LuciecoreStrategic or Co-development Partner · 1 January 2024City of Port St. Lucie is a co-development partner in the revamped Homebuyer Assistance Program, providing up to $100,000 in federal funds (American Rescue Plan) for 4-6 income-qualified first-time homebuyers. CLT of PBCTC acts as co-buyer at closing.
• Adopt-a-Family of the Palm BeachescoreStrategic or Co-development Partner · 1 January 2019Partner agency whose Service Enriched Housing (homeownership incubator program) helped Latoya Bostick save and prepare for homeownership before she became the first Kirk Road CLT Homes buyer.
• West Palm Beach Housing AuthoritycoreStrategic or Co-development Partner · 1 January 2019Partner through its Family Self Sufficiency Program, helping Damaris Rivera complete the program and achieve homeownership at the Kirk Road CLT Homes project.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Enterprise Community Partners: National nonprofit that invests in affordable housing through development, lending (Enterprise Community Loan Fund), and policy advocacy. Operates at significantly larger scale than CLT of PBCTC but addresses the same core problem of affordable housing supply for low-to-moderate-income households.
• BRIDGE Housing Corporation: West Coast-focused nonprofit developer, owner, and operator of affordable and workforce housing. Comparable as a nonprofit affordable housing provider combining development, ownership, and resident services, though BRIDGE operates primarily in California and uses conventional ownership structures.
• Mercy Housing: National nonprofit affordable housing developer and operator serving low-income families, seniors, and people with special needs. Comparable in mission (permanently affordable housing) and structure (nonprofit developer/operator), though Mercy operates at significantly larger scale and uses conventional ownership rather than the CLT ground lease model.
• National Housing Trust: National nonprofit that preserves and operates affordable rental housing, and a co-lead of the CLT pilot program that selected CLT of PBCTC. Directly comparable as a peer affordable housing preservation organization with CDFI capabilities.
• Habitat for Humanity International: Global nonprofit affordable homeownership organization that builds and rehabilitates homes for low-income families using volunteer labor and zero-interest mortgages. Operates at much greater scale than CLT of PBCTC but uses a different (deed-restriction, not ground lease) approach to affordability.

Regional players

• Raza Development Fund: National CDFI financing affordable housing, charter schools, and community facilities, with primary operations in the Southwest and Latino-serving communities. Comparable as a mission-driven affordable housing lender that works with community-based developers.

Others

• Grounded Solutions Network: National membership organization that supports and certifies Community Land Trusts across the U.S. Currently a strategic co-development partner of CLT of PBCTC through the $2M Robert Wood Johnson Foundation pilot program, and the de facto industry body for the CLT sector.
• Local Initiatives Support Corporation (LISC): National community development financial institution (CDFI) that finances affordable housing, economic development, and community services through local offices. Provides capital and capacity-building to community-based organizations like CLT of PBCTC, and is a comparable ecosystem funder.

Direct peers

• Champlain Housing Trust: Burlington, Vermont-based community land trust and the largest CLT in the United States, serving Chittenden County with shared-equity homeownership, rental housing, and cooperative housing using the same ground lease / resale formula model as CLT of PBCTC.
• Dudley Street Neighborhood Initiative: Boston-based community land trust (Dudley Neighbors, Inc.) and neighborhood revitalization organization that combines community ownership of land with affordable housing, urban agriculture, and youth programs. Uses the same CLT ground lease model as CLT of PBCTC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Community-Land-Trust-of-Palm-Beach-County-691714474190722
• LinkedInlinkedin.com/company/palm-beach-land-trust-co-

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Community Land Trust