Hannibal Square Community Land Trust has been awarded a grant from Winter Park Community Grants, a signature initiative of the Winter Park Community Foundation at Central Florida Foundation to help further HSCLT’s mission to preserve permanent affordable housing for low-to-moderate income families. The grant will help our current Winter Park homeowners to refinance their mortgage while interest rates are at an all time low.
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The Hannibal Square Community Land Trust was established as a 501(c) 3 not-for-profit, member-based corporation in Winter Park, Florida in November 2004. Dedicated to creating and preserving the quality and affordability of housing within Winter Park and other Central Florida communities, we provide opportunities for low, very low and moderate-income families to secure housing that is controlled by the residents on a long-term basis. To achieve its goals, the Land Trust obtains real property which it then leases to qualified buyers on a 99-year ground lease. The buyer is able to buy a home, removing the often-prohibitive cost of the land from the equation. This creative approach to home ownership is modeled on the nationally successful land trust movement, an increasingly popular way to ensure that communities maintain a diverse mix of housing opportunities.
To develop, rehab and preserve permanently affordable housing for low- to moderate-income families, and to promote financial education, economic inclusion and neighborhood stability.
