Powerful US CLT performance in face of sub-prime crisis

The record in the US provides an incentive for the UK to adopt US CLT methods.

(See John Davis Powerpopint and article). US CLT part ownership is proving very stable and affordable over the long term, therefore playing an important role in anchoring communities during difficult times. Michael Brown, Burlington CLT, August 2008 ‘Due to our training and support, combined with specialised resale formulas and ability to intervene, the foreclosure rate for US CLT homeowners is an incredible 0.6%. As a result, U.S. banks love CLT mortgage loans. Moreover, the fall-out from the sub-prime crisis sweeping our country is not happening in the CLT world’ 

This project is part financed by the European Agriculture Fund for Rural Development: Europe Investing in Rural Areas with Defra as the Managing Authority. 

http://ec.europa.eu/agriculture/rurdev