Recording in progress.

Good evening.

I'd like to call to order the January 5th, 2023 Shoreline Planning Commission meeting.

First item is roll call.

Ms.

Holkism, could you help us out?

Yes.

Commissioner Callahan.

Here.

Commissioner Mosher.

Yeah.

Chair Sager.

Here.

Vice Chair Wama Shonjay.

Present.

Commissioner Lin.

Commissioner Bredson.

Here.

And Commissioner Galuska.

Thank you.

Thank you.

Next item is approval of the agenda.

Does anybody wish to make any changes to the agenda?

All right, seeing none.

Approval of the minutes.

Everybody approve minutes from December 1st, 2022.

Great.

Thank you.

Next item is general public comment.

Ms.

Hoaxman, do we have any general public comment tonight?

I had one person sign up, but they are not in the attendee.

Area.

So I think we do not.

Okay.

We will move on.

That brings us to our study items.

First item under our study items is a presentation by Homestead Community Land Trust and Kathleen Hosfeld.

Thank you for being here.

Thank you for inviting me.

Good evening, Commissioners.

Appreciate your interest in community land trusts and how they can create affordable housing for a segment of your community that would potentially not otherwise be served by affordable housing.

If I may, I'll share my screen.

So I'm just going to be going over the model.

What is a community land trust, why we use it for home ownership, talk a little bit about the types of housing that can be included in a community land trust, and I'll go over some suggestions that I provide to cities whenever they ask about what they can do to support community land trust homeownership development, and then I'll be happy to answer any questions that you have regarding your potential application of community land trust model in your in your community.

So I'll start uh with the definition of uh community land trust that is provided and approved by the Northwest Community Land Trust Coalition.

The Northwest Community Land Trust Coalition is a membership organization that serves Washington, Oregon, Idaho, Montana, and Alaska, and is really just about supporting community land trust in the accomplishment of their mission.

And this definition says that Community Land Trust is a private nonprofit, community governed uh or membership corporation whose mission is to acquire, hold, develop lease, and steward land for making homes, farmlands, gardens, businesses, and other committee assets permanently affordable for current and future generations.

And uh community land trust bylaws prescribe that the governing board is comprised of individuals who reside in the CLT service area, one-third of whom are currently or could be CLT leaseholders.

This conforms to a federal definition of a community land trust, which was established in the 1990s, was established in the statute that governs community housing development organizations or CHODOS as we like to call them.

And so this is a form of community housing development organization, made distinctive by the fact that our own homeowners or leaseholders are a comprise a third of the board, and we are uh very much accountable to our local community in our governance model.

So distinctive features of this model are that accountability and local control and um that one-time investments are stewarded for permanent affordability, meaning once we build our homes, we don't recapitalize them the same way that uh rental developments do, affordable rental housing does.

We offer uh this equitable governance model, which I'll talk about in a little bit more detail.

And then community land trust homeownership prevents displacement going forward in a community.

Home ownership is a wonderful tool, but only permanently affordable homeownership cements in a community homeownership opportunities for a specific income category and holds them there forever.

This model is a social innovation that comes down to us from civil rights era leaders in the 1960s who were working in the deep south to solve for two problems.

One displacement that was occurring at the time for political reasons, racial prejudice and discrimination.

Um also uh wanting to create home ownership opportunities for lower income people who were uh even then shut out of the market.

Uh a triggering event in the life of the modern community land trust was that uh when black people in the Deep South registered to vote, they were thrown off land that they were farming as as uh sharecroppers.

Um that event and the cultural and societal context around it uh gave birth to the community land trust as it uh in very much the same form as we use it today.