The DBCLT is an independent, 501(c) 3 nonprofit organization, in partnership with the City of Delray Beach and the Delray Beach Community Redevelopment Agency (DBCRA), which was formed by community stakeholders in December, 2005 to preserve the affordability of homeownership and leased units in the City of Delray Beach. The DBCLT will sell or lease homes to qualified very low to moderate-income families, but retain ownership to the land under these homes and hold it “in trust” for future generations. By owning the land under the house, the land trust is in a strong position to insure that the subsidy is retained for the benefit of subsequent families. Current portfolio consist of 89 owner occupied units.