Community Land Trust (CLT), a social purpose real estate developer with a focus on co-operative housing, announces Monica Morgan as their new Executive Director. Morgan succeeds Tiffany Duzita, who left earlier this year to pursue an opportunity in the private sector.
With over thirty years of public sector real estate development experience, Morgan has a proven track record working with project partners on complex capital projects and community-based infrastructure, specializing in the development and redevelopment of public land and assets.
She has spent the past 10 years providing specialist consulting services to a wide variety of priority government investment projects including work on a portfolio of health care renewal projects, such as the new St. Paul’s Hospital, Burnaby Hospital redevelopment, the new Surrey Hospital, Surrey Memorial Hospital and four long-term care redevelopment projects in the Fraser Valley.
She has also worked as a consultant advising the City of Vancouver on the Vancouver Affordable Housing Endowment Fund, and to BC Housing on a federal and provincial project to rehabilitate 13 heritage buildings and homes for over 900 residents. She began her career developing affordable housing in Vancouver resulting in several non-market housing projects providing secure, stable housing for low-income individuals and families.
As a former housing co-op resident and board member, Morgan also brings first-hand co-op experience to the role and is eager to expand access to co-op housing.
“Co-op housing helps build communities and provides amazing opportunities for people to live and work together,” says Morgan. “The CLT is an innovative model that can scale to rapidly expand access to affordable co-op housing so more people can enjoy the benefits of stable, dependable housing options.”
Morgan joins CLT amid its 10th anniversary, as it looks to build upon a successful decade which saw the development and protection of over 2,600 homes.
“We are thrilled to have Monica Morgan join the Community Land Trust team,” says Thom Armstrong, CLT and CHF BC CEO. “We have ambitious goals to grow and sustain permanently affordable co-op housing, and we are confident that Monica’s experience and leadership in the sector will be a key aspect in helping us get there.”
Morgan joins a rapidly growing team of 40+ professionals, managing over $1.25 billion in assets, including 2,600 occupied homes, 340 homes under construction, and another 1,050 homes under development.
“I am excited to join the CLT at this pivotal time to continue the excellent work done over the past ten years by the CLT team,” says Morgan. “We are eager to work with our partners in the public, private, Indigenous and broader community housing sectors to increase investment in co-op housing and community land trusts.”