In an era of economic disparities and housing affordability issues, community ownership stands out as a powerful solution. By enabling residents to invest in and own parts of their neighborhoods, we can create sustainable and vibrant communities. These communities will reflect the needs and aspirations of their inhabitants.
At CLTRE, we are dedicated to pioneering this approach. Our innovative community ownership model aims to empower local residents. We want them to become active stakeholders in neighborhood development and revitalization.
The Case for Community Ownership
Community ownership is not a new concept. However, its potential to drive meaningful change has gained renewed attention. According to a report by Brookings, initiatives like “Buy Back the Block” show the profound impact community ownership can have. These initiatives help local economies and social cohesion. They allow community members to purchase local properties. Consequently, wealth generated within the community stays there, fostering long-term economic stability and growth.
Community ownership models offer several key benefits:
- Economic Empowerment: Residents with a stake in local properties benefit directly from the appreciation of these assets. This leads to wealth accumulation within the community.
- Preventing Displacement: Community investment helps mitigate gentrification effects. It provides affordable housing options and maintains the cultural and social fabric of neighborhoods.
- Enhanced Civic Engagement: Owning a piece of their community encourages residents to participate more actively in local governance and development processes.
CLTRE’s Community Ownership Model
At CLTRE, our mixed-use development project along Del Paso Blvd demonstrates the power of community ownership. This project, featuring 75 affordable-by-design housing units, provides quality housing and empowers residents. Our pioneering ownership model ensures developments are built with inclusivity and real equity in mind.
We believe everyone deserves the chance to contribute to and benefit from community revitalization. By becoming a community investor with CLTRE, you can help create a future where economic opportunities are accessible to all. Thus, neighborhoods transform into thriving, resilient spaces.
Become a Community Investor
Are you passionate about creating a more inclusive and equitable community? Join us in our mission to empower residents and transform neighborhoods through collective ownership. As a community investor with CLTRE, you will be part of a movement that fosters economic empowerment, prevents displacement, and enhances civic engagement.
Sign up today to become a community investor with CLTRE and be a part of something truly transformative. Together, we can build a brighter future for Sacramento.