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Bottom Line Conversations: How Financing Has Evolved for Community-Controlled Real Estate

Watch Senior Economics Correspondent Oscar Perry Abello in conversation with Devin Culbertson, VP of Innovative Finance at Grounded Solutions — the latest in Next City’s Bottom Line Conversations webinar series. Community land trusts, or other forms of community-owned and controlled real estate, continue to make incremental progress across the country. The model has also moved beyond housing or agriculture in acquiring larger, more complicated commercial and cultural projects. As we discussed back in March with Saki Bailey of the San Francisco Community Land Trust, it’s now possible for a CLT to reach a point where it can compete to acquire a larger building — amid one of the hottest real estate markets in the country — using only private financing.  Now, we’ll dive further into that conversation with Devin Culbertson. As vice president of innovative finance at Grounded Solutions, Culbertson works with CLTs and other organizations across the cou ....

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