Homeowners in community land trusts (CLTs) across the nation continue to have substantially lower delinquency and foreclosure rates than owners of market-rate homes, according to survey results released recently by an independent researcher at Vanderbilt University working in partnership with the National Community Land Trust Network.

Results from the survey found that conventional home-owners were 8 times as likely to be in the process of foreclosure than CLT homeowners at the end of the 4th quarter of 2009. According to the Mortgage Bankers Association (MBA) survey of market-rate mortgages, 4.6 percent were in the process of foreclosure, compared to only 0.6 percent of CLT mortgages. This represents a widening of the gap as compared to 2008, when market-rate home-owners were 6 times more likely to be in the process of foreclosure as compared to their CLT counterparts.