About The SMBI CLT

The SMBI CLT Ltd is a PBI charity, established to steward property on the SMBIs (Southern Moreton Bay Islands) to ensure that the Islands retain perpetually affordable housing, as property values inevitably rise.

This aim is achieved by properties being permanently removed from the property market and secured by the CLT (Community Land Trust). The properties are then made available for ownership or rental to low to moderate income households, providing secure tenure, housing stability, and reducing housing stress.

About CLTs

A CLT is a not for profit organisation whose role it is to steward property for the long term well-being of the community. In particular the objective is to provide perpetual affordability of properties so that the properties are accessible to people who would otherwise be at risk of being forced out of the community due to rising property prices.  CLTs achieve this through affordable rentals, housing cooperatives and shared equity home ownership.

Perpetual affordability is achieved by the CLT receiving a majority of any capital gain on the  property when it is sold to a new resident. For a full explanation of the mechanisms, you are invited to attend one of our information sessions. Please contact us to reserve your place at our next event.

Who can be involved?

Membership in the SMBI CLT is open to everyone. The organisation is managed by a three-part board of directors who are made up of SMBI CLT residents, the broader Island community members, and  people elected with civic or professional expertise.

People can be involved in the SMBI CLT as resident members, broader community members or board members. There are ways in which all members in the community can be involved in the  SMBI CLT.

CLTs have two critical start-up needs, which are provision of initial land or capital to purchase property, and financing for CLT construction and resident owners.  Those who are able to contribute to these crucial needs are encouraged to contact us.

How can I become a member?

Download and fill in the membership application form by clicking here and submit it with your membership fee.

General membership applications are open to residents of the Southern Moreton Bay Islands.

Supporting membership applications are open to people living outside of the Southern Moreton Bay Islands.

Initial resident membership is income qualified.  Ownership is encouraged so apply to qualify now.

For further information on becoming a member of SMBI CLT please contact:

Andrew – 0433 253 248

andrew@smbi-clt.org.au

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