ABOUT ALBANY COMMUNITY LAND BANK
The Albany Community Land Trust, a non-profit developer with a mission to create and preserve affordable housing in Albany, is set to develop a project in the West Hill neighborhood. Unlike for-profit developers, the ACLT focuses on renovating derelict houses and vacant lots to either sell them below market rate or retain ownership and rent to low-income tenants.
Since its founding in 1987, the ACLT has evolved from addressing basic housing code requirements to undertaking full renovations, bringing over 110 houses back from dereliction.
With the recent allocation of $600,000 from the American Rescue Plan Act, the ACLT is poised to expand its impact by acquiring more houses for renovation. The Trust's commitment to creating vibrant neighborhoods and fostering a sense of community is reflected in its comprehensive approach to housing revitalization.