APPLICATIONS OPENING SOONIndy CLT applications will be opening during the first quarter of 2024 (Jan 1st - March 31st).
IN THE MEANTIMEInterested community members can participate in free classes offered by INHP. These courses assist future homeowners with budgeting and understanding credit.
What is a Community Land Trust?
Community land trusts (CLTs) are nonprofit, community-based organizations tasked with holding land permanently "in trust" for the benefit of people in the community. CLT land can be used for many types of development, including commercial and agricultural uses, but CLTs are primarily used to ensure long-term housing affordability. CLTs are governed by a board of directors made up of housing residents, community representatives, and members of the general public.
For more information about Community Land Trusts, click here.
The Indianapolis Community Land Trust (CLT) will empower Black, Brown, and low-income residents to use land and housing to build community wealth, self-reliance and self-determination. The CLT will provide permanently affordable housing and enable residents to take control of their living environments. The project has been initiated by the Kheprw Institute, a community empowerment organization that has been organizing a city-wide coalition of residents and partner organizations for the past four years to create the CLT. Thanks to funding from the City of Indianapolis and the Indianapolis African American Quality of Life Initiative, the CLT is set to launch at the end of 2023.
For more details about the Indianapolis CLT, including process, vision & goals, and budget, click here
Resident leadership and
community control of land
STEWARDSHIP & SUPPORT
Long-term vision for supporting homeowners and neighborhoods
Housing that's within reach, today and for future generations
Preserving affordability in indianapolis:With the exponentially rising costs of housing, many Black, Brown, and low-income residents in Indianapolis struggle to find safe and affordable places to live, which puts a strain on their ability to build wealth and contribute to the community.
THE case for a clt in indy
Indianapolis has historically held a reputation for being affordable, but the reality is changing. Due to elevated prices and rising interest rates, the affordability of purchasing a home in the Indianapolis metro area is near its lowest point in more than 15 years. In just the past 8 years, the cost of purchasing an average-price home has increased by a range of 61% to 88%. Unfortunately, household incomes have not kept up. Though the average hourly wage has increased by 28% since 2015, an additional 22 hours of work per month has become necessary to cover the mortgage on a newly purchased average-price home.
A couple root causes underlie the housing crisis:
Racial Caste System
The modern global economic system was founded on the extraction and exploitation of Black and Brown peoples through colonialism, slavery, systemic racism, and exclusion from federal housing programs, leading to segregation, mass incarceration, redlining, and discriminatory lending. A couple of good references are Born in Blackness by Howard French, Caste by Isabel Wilkerson, Evicted by Matthew Desmond and The Color of Law by Richard Rothstein.
The Financialization of Housing
In recent years, housing and real estate have become investment assets for hedge funds and corporations, resulting in skyrocketing prices that surpass income growth. The pandemic further exacerbated this trend, making affordable housing unattainable without substantial government investment due to the rising costs of materials and labor.
The American Dream
& Nuclear Family
The concept of suburban single-family homes with white picket fences, initially promoted by the federal government to revive the US economy during the Great Depression, also perpetuated racial segregation and deepened the racial wealth gap. Previously, communities were more racially and intergenerationally integrated, fostering social and economic mutual support. However, under challenging economic circumstances and high housing expenses, this individualistic approach is financially unsustainable (except for the wealthy) and contributes to isolation and political polarization.
None of these deep root issues can be addressed by housing alone. However, we do believe that affordable, stable housing can serve as a building block for building community, reconnecting across racial and socio-economic divisions and through collective work build leadership and connect to and strengthen our historic memory of agency and resilience.
The lack of affordable housing is not just a problem for individual families, it also has a ripple effect on the larger community. When families cannot afford to live in stable and safe homes, it affects their health, their ability to pursue education and job opportunities, and their overall well-being. Creating a CLT in Indianapolis will not solve these deep problems, but we believe it can make a contribution toward addressing these challenges by providing a pathway to cooperative homeownership, stabilizing communities, and building relationships and community wealth.
GET INVOLVEDWe need you! We are in the beginning stages of shaping what the Indianapolis CLT will look like. We’ve got some ideas but don’t have everything figured out, not by a long-shot. We need your ideas, lived experience and passion to make this a truly community-led project. Provide your contact below if you would like to be added to the Homes for All Indy email list and receive emails on upcoming meetings and ways to get involved AND check out the upcoming events below.
Indianapolis CLT Monthly Meetings
We host a monthly meeting of the Homes for All Coalition and provide an orientation to the Indianapolis CLT on the 2nd Thursday of every month at 6pm EST on zoom. Click the get involved button below to sign up to get invited to these meetings and added to our email list.
Click the video on the right to watch recordings of recent meetings!
Meet the clt advisory board
Wahid Ahmed, Central Indiana Community Foundation
Diop Adisa, Kheprw
Joe Bowling, Englewood CDC
Renee Davis, Community Resident
Justin Kirchner, IFF
Frank Lloyd, Community Resident
Mari Luna, Community Resident
Olanike Olaniyi, Volunteer Immigrant Welcome Center
Wildstyle Paschall, The Learning Tree
Jeb Reece, Intend Indiana
Britt Redd, City of Indianapolis, Department of Metropolitan Development
Emily Scott, City of Indianapolis, Department of Metropolitan Development
Fabia Yataco, Central Indiana Community Foundation
CLT Coordinator, Kheprw Institute