Project: Commercial Land Trust

Miller Urban Consulting is working with a New Orleans land trust on a commercial stewardship study that examines how land trusts can pursue commercial development for community benefit. Most land trusts throughout the country focus on affordable homeownership as their primary mission. However, because New Orleans has so many strong options for affordable homeownership already, the local land trust has decided to focus some of its efforts on commercial, mixed-use, and affordable rental development. The commercial study has helped identify types of commercial development that produce “community benefit” when combined with the appropriate wrap-around programs and services, and has also included a financial feasibility study for each of these development types to help prioritize the land trust’s commercial efforts.