| Why a Landtrust?
Lake Chelan enjoys a world-class reputation as a travel destination.
But with that distinction come challenges: a seasonal service economy with low-paying jobs, rental housing that is expensive and often available only part of the year, many out of area owners, and increasingly high property values that are out of reach for local wage-earners.
The Chelan Valley has seen a sharp increase in land values over the past years. As a result, orchards are being torn out, large housing developments are popping up and the availability of affordable re-sale homes is shrinking.
By acquiring land and creating permanently affordable homes for individuals and families with lower incomes, LCCL will help our community remain balanced and whole—with young and old, working and retired, and a wide range of incomes.
Community Land Trusts make it possible for people who are essential to our community’s well-being—teachers, shopkeepers, nurses, construction workers, deputies, EMTs—to afford to own a home despite today’s high prices. Children of the Chelan Valley can thrive in our stable, safe neighborhoods. Human energy spent struggling with short-term or inadequate housing can be put to more productive uses that benefit the entire community.
Benefits of a Community Land Trust (CLT)
- Community Diversity: CLTs maintain economic diversity, resulting in a wider array of skills and services
- Community Stability: CLTs stabilize communities with volatile real estate markets through stable resale provisions
- Family: CLTs nurture the economic viability of young families by providing affordable housing
- Environmental Stewardship: CLT leases include clauses about responsible land use
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