Responding to advocates who believe the trusts can ensure that today’s public investments deliver long-term affordability, HPD is seeking expressions of interest from non-profit groups.
While other hurdles to community land trusts remain, the bid by Queens Councilmember Donovan Richards would nudge open the door to an approach used in several other states.
The de Blasio administration has shown openness to community land trusts but organizations, not the city, are taking the boldest steps toward trying what backers say offers the best chance…
