A community land trust is a private non-profit corporation created to acquire and hold land for the benefit of a community and to provide secure affordable access to land and housing for community residents. In particular, CLTs attempt to meet the needs of residents who are locked out of the homeownership market. They do this by selling homes to eligible buyers at a below-market price, and in exchange for that reduced price, the owner agrees to restrict the price for which they may sell that home in the future.