A median income family in Fort Worth cannot afford a median priced home in the city today.
Neighborhood Conservation Plan and Housing Affordability StrategyHome prices in Fort Worth have grown more than three times faster than incomes. Since 2011, home prices have increased 173%, while median incomes have risen just 53%, leaving many working families struggling to buy a home.
Our city’s greatest asset is its people. The workers, students, families, business owners, neighbors, and dreamers who make Fort Worth strong. When the cost of housing rises faster than wages, it threatens the stability of our community.
By keeping homes attainable, teachers, police officers, and blue-collar workers can live in the neighborhoods they serve. Children can stay in their schools. Small business owners can put down roots. Families can build the stability that helps neighborhoods thrive.
Community Land Trusts (CLTs) help create and maintain attainable housing so hardworking families can own their homes and build equity. Since CLTs keep ownership of the land, the homes stay attainable even if the original owners sell. This makes CLTs a smart way to use land and resources.
CLTs bring stability and keep homes attainable in areas with lots of market-rate development, like Fort Worth.