A model for preserving community: The Kensington Market Community Land Trust
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A model for preserving community: The Kensington Market Community Land Trust
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Land Trusts continue to flourish across the country. The Kensington Market Community land Trust (KMCLT) started 10 years ago as a means to preserve affordable rents in the community. Today, supported by community bonds, donations and the City of Toronto's Multi-Unit Residential Acquisition Program, the KMCLT owns three buildings including mixed residential and commercial spaces. Dominique Russell and Celia Wandio, Co-Directors of the Land Trust speak to us about Land Trusts broadly, the KMCLT's history and how managing commercial and residential spaces provides unique challenges. They also speak about the governance structure and recommendations to make the model even more viable in order to preserve affordability and the unique character of a neighbourhood.
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