Community land trusts are a new option in rental market

Global Business

Cities around the world facing a serious lack of affordable housing are exploring new ideas to address the problem. One emerging trend is use of a community land trust model.

Nonprofits, developing properties and placing them in a public trust – and leasing them long term to lower-income residents.

It’s an approach now being embraced in the Florida Keys – hard hit last year by a hurricane.

CGTN’s Nitza Soledad Perez has the story