BACKGROUND
The Delray Beach Community Land Trust (DBCLT) is one of several affordable and workforce housing initiatives created to provide a middle ground where both individual families and the community at large share in the long-term affordability and wealth creation that results from the wise investment of public funds in privately owned housing.
Housing has always been America’s greatest asset building strategy. For most American families, their investment in homeownership is their single most important source of wealth creation. Similarly, public sector investment in housing also generates valuable assets. Most homeownership subsidy programs use public money to build what is almost entirely private wealth.