The Los Angeles City Council adopted a motion to establish the Los Angeles Community Land Trust Program, concurrently approving the necessary ordinances for its operational framework. This program will empower community land trusts to acquire and hold land in perpetuity, thereby removing it from speculative market forces and ensuring its long-term affordability. The initiative is designed to facilitate the development of permanently affordable housing and other community assets by separating land ownership from building ownership, thus creating a stable and equitable foundation for residents. This citywide program represents a significant policy shift aimed at addressing housing affordability challenges through a community-centric approach.