Preserving Quality, Permanent, Affordable Housing In
Benefits of Purchasing Your Home Through
A Community Land Trust
Land trust homes are more affordable than Homes purchased on the open real estate market
Consistent housing payments allow the homeowner to build equity and receive federal tax deductions for mortgage interest and property taxes
The 99-year Ground Lease ensures that CLT homeowners will have the support of the land trust community.
What is a community land trust?
A community land trust is a nonprofit, community-based organization that works to provide permanently affordable homeownership opportunities. A CLT acquires land and removes it from the speculative, for-profit, real estate market. CLTs hold the land they own “in trust” forever for the benefit of the community.
Buyers who purchase through a CLT purchase only the house and enter into a long-term agreement with the CLT to lease the land. CLT homes are sold to families with limited incomes. These homes cost less
than market rate homes because CLT homebuyers purchase only the house and enter into a long-term agreement – a 99-year ground lease – with the CLT for the use of the land.
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Preserving Quality, Permanent
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