Greauxing Resilience at Home — City of Richmond, Virginia: Maggie Walker Community Land Trust and Richmond Land Bank
The Maggie Walker Community Land Trust (MWCLT) in Richmond, Virginia, is the first community land trust (CLT) in the nation to be designated a land bank, the Richmond Land Bank. In creating the Richmond Land Bank in 2018 — via a formal Memorandum of Agreement with MWCLT — the City of Richmond merged two separate yet complementary mechanisms for expanding affordable home ownership opportunities for low-and-moderate income residents: a land bank, which acquires and sells vacant, abandoned, and deteriorated properties; and a CLT, which conveys permanently affordable housing to residents in need.
As of spring 2022, the Richmond Land Bank is the only formalized land bank and CLT partnership in the country. The land bank, which operates as a program under MWCLT, is one of three MWCLT initiatives working to produce permanently affordable housing in the Richmond metropolitan area. The Richmond Land Bank illustrates an emerging approach of combining two existing types of mechanisms to produce additional affordable housing options for low-and-moderate income residents, preserving community control over developable land, and collaborating with local stakeholders to integrate environmental and adaptation benefits in affordable housing development.
This case study is one of 24 case studies featured in a report written by the Georgetown Climate Center, Greauxing Resilience at Home: A Collection of Lessons and Case Studies from Louisiana and Beyond. These case studies describe best and emerging practices, tools, and examples from Louisiana and other U.S. jurisdictions to make progress on the complex and interrelated challenges of housing, flooding, and resilience. These case studies are intended to provide transferable lessons and ideas for regional and local governments addressing housing and mitigating flood risk as integrated parts of comprehensive community resilience strategies. Collectively, these case studies present a suite, although not an exhaustive list of tools and approaches that can be used to facilitate any of these efforts.
For additional case studies and more information about this work, also see Greauxing Resilience at Home: A Regional Vision.
Publication Date: June 16, 2022
- Greauxing Resilience at Home: A Regional Vision > Goal Three: Greaux resilient, urban affordable housing options. > Objective 3.1:
- Greauxing Resilience at Home: A Regional Vision > Goal Three: Greaux resilient, urban affordable housing options. > Objective 3.2:
- Greauxing Resilience at Home: A Regional Vision > Goal Three: Greaux resilient, urban affordable housing options. > Objective 3.5:
- Best practice
- Case study