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Opportunity Villages Community Land Trust
Non-profit community land trust developing permanently attainable housing in Chatham-Kent.
About
Opportunity Villages Community Land Trust (OVCLT) is a Chatham-Kent non-profit developing permanently attainable housing through the community land trust model, including the Common Ground C.K. life-lease project.
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What is Opportunity Villages Community Land Trust?
OVCLT is a non-profit community land trust in Chatham-Kent working to create permanently attainable homeownership housing for residents whose situation falls between typical rental affordability and market-rate home purchase.
What does permanently attainable housing mean in OVCLT's model?
The land trust retains permanent ownership of the land while residents purchase life-lease interests in their homes below market rates. Resale price restrictions and continued land trust ownership are intended to keep the homes affordable for future buyers, not just the initial residents.
What project is OVCLT currently developing?
OVCLT's flagship project is Common Ground C.K., a life-lease apartment community planned for 10 Taylor Avenue in Chatham, with Phase 1 planned to include approximately 40 homes in 1-, 2-, and 3-bedroom configurations.
Who is eligible to live at Common Ground C.K.?
The project is aimed at singles, couples, single parents, and young families with lower annual incomes who live or work in Chatham-Kent and are seeking an affordable alternative to renting or market-rate home purchase.
How is the project being funded?
Funding sources being pursued include Build Canada Homes, the CMHC Affordable Housing Fund, Ontario's OPHI program, municipal incentives, community investment, and philanthropic contributions.
What is the history of the project?
The 10 Taylor Avenue site, a former brickworks, was identified in 2019, and Chatham-Kent municipal council approved the project in December 2019. OVCLT was established as a volunteer board around 2020, and rezoning for the site was approved in 2021.
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