A Community Land Trust is a model in which a community-led non-profit organization owns the land and an individual purchases a home on the land for an affordable price. The homeowner commits to selling the home for an affordable price by signing a "Land Lease." The value of the home does increase over time, but not as quickly as it would in the free market. This allows the homeowner to build some wealth through homeownership while ensuring that the home continues to be affordable for any future homebuyers in the community.
If you are interested in applying to purchase a CLT property, please join our mailing list and we will let you know when the application process has been finalized.