THE BEVERLY VERMONT COMMUNITY LAND TRUST (BVCLT) is a nonprofit 501.c.3 organization founded by L.A. Eco-Villager intentional community members, CRSP and Cultivating Sustainable Communities. BVCLT specializes in helping to create permanently affordable housing for low to moderate income households dedicated to lower impact living patterns.
Beverly-Vermont Community Land Trust’s mission is to build community power to keep working class communities of color in their homes and neighborhoods through permanent affordability and democratic community ownership in Koreatown and the surrounding transit-oriented neighborhoods in Los Angeles by:
BVCLT will ensure that the housing it acquires, builds or rehabilitates will remain permanently affordable for successive generations of owners or renters. The method for ensuring permanent affordability is via the use of a ground lease arrangement with the owner of the improvements on the property. By retaining the right to the land, regardless of the type of legal ownership of the buildings, BVCLT will ensure the selling price is affordable, regardless of current market prices
Beverly-Vermont Community Land Trust’s mission is to build community power to keep working class communities of color in their homes and neighborhoods through permanent affordability and democratic community ownership in Koreatown and the surrounding transit-oriented neighborhoods in Los Angeles by:
- Advocating for the decommodification of land and removing land permanently from the speculative housing market.
- Creating just, equitable and ecological housing developments and alternative community ownership models.
- Serving as an incubator for member-led programs and campaigns through centering the leadership of those most impacted by gentrification, displacement, and racist, extractive housing policies.
BVCLT will ensure that the housing it acquires, builds or rehabilitates will remain permanently affordable for successive generations of owners or renters. The method for ensuring permanent affordability is via the use of a ground lease arrangement with the owner of the improvements on the property. By retaining the right to the land, regardless of the type of legal ownership of the buildings, BVCLT will ensure the selling price is affordable, regardless of current market prices
