This bill would authorize Class 1 municipalities in Alabama to establish community land trusts to provide affordable housing for low- and.

This bill would authorize Class 1 municipalities in Alabama to create nonprofit community land trusts to provide affordable housing to low-income and moderate-income families through long-term ground leases. The community land trust would be membership-based with open meetings and a board of directors appointed by the mayor and confirmed by the city council. The community land trust would be authorized to acquire and lease real property, make improvements, and enter into 99-year ground leases with qualified lessees.

This bill would authorize Class 1 municipalities in Alabama to establish community land trusts to provide affordable housing for low- and.

This bill would authorize Class 1 municipalities in Alabama to create nonprofit community land trusts to provide affordable housing to low-income and moderate-income families through long-term ground leases. The community land trust would be membership-based with open meetings and a board of directors appointed by the mayor and confirmed by the city council. The community land trust would be authorized to acquire and lease real property, make improvements, and enter into 99-year ground leases with qualified lessees.