Madison Area Community Land Trust
1501 Williamson Street, WI 53703
Phone: (608) 280-0131
Fax: (608) 256-4499
The Madison Area Community Land Trust is a (501c) non profit organization seeking to promote affordable housing for first time home buyers at or below 80% of Median income in the Madison and Dane County area.
The Madison Area Community Land Trust was founded by Sol Levin (pictured) in 1991. Sol had worked for over 25 years in the field of affordable housing, and could see that over the next decade, housing prices in the Madison area would rise beyond the means of people with low to moderate incomes. And he was right — the median price of a home in Madison jumped from $83,000 in 1991 to $205,000 in 2005. Sol’s vision for creating permanently affordable owner-occupied housing continues to inspire our work.
The Community Land Trust model helps keep housing affordable for future generations. Under the model Community Land Trust homeowners purchase their house but not the land (this lowers the purchase price). The land is leased from the land trust. When Community Land Trust homeowners sell their home, 75% of the appreciated value stays with the house, so it’s more affordable for the next buyer.
In 2011, MACLT and Common Wealth Developement, Inc., became affiliated organizations. Common Wealth provides staff to MACLT, and the Boards of the two non-profits have some overlapping members.