Congratulations to Dr Louise Crabtree and Jason Twill (Director, Urban Apostles) whose Metropolitan Land Trust Policy is one of seven shortlisted proposals in the City of Sydney's Alternative Housing Ideas Challenge.
Their submission (opens in a new window)proposes a city-wide community land trust (CLT) policy to ensure that properties remain affordable in perpetuity. Successfully applied in a number of European and North American cities, CLTs are the primary means for government to temper the negative effects of land value inflation and speculative development by removing the land value component from housing. This enables innovative, equitable housing models including below-market rental and affordable home ownership, to flourish.
Community land trusts are not-for-profit, community-based organisations designed to ensure permanent housing affordability through community stewardship of land.
The Metropolitan Land Trust Policy was selected from around 230 entries to the international challenge, which aims to increase alternative and affordable housing supply across Sydney and reduce housing stress. The shortlisted entries will help inform the development of the City’s future community strategic plan and housing policy under a new Sustainable Sydney 2050 plan.
The community will have the opportunity to provide feedback on the shortlisted concepts with public consultation open from mid-November to December 2019.
Posted: 2 July 2019.