SCOTT COUNTY COMMUNITY LAND TRUST – PROPERTIES NOW AVAILABLE!

The land trust model provides first time homebuyers, with low to moderate incomes, an opportunity to pursue homeownership. The land trust model removes the price of the land from the sale price of the home, making the purchase more affordable.  This also makes the home affordable for future generations of homebuyers. Current CLT properties

COMMUNITY LAND TRUST ORIENTATION 
LEARN ABOUT LAND TRUST HOMES AND WHAT IS REQUIRED TO PURCHASE ONE.

HOW A COMMUNITY LAND TRUST WORKS

A typical community land trust for affordable housing works like this:

• A family or individual purchases a house that sits on land owned by the community land trust.
• The purchase price is more affordable because the homeowner is only buying the house, not the land.
• The homeowners lease the land from the community land trust in a long-term (often 99-year), renewable lease.
• The homeowners agree to sell the home at a restricted price to keep it affordable in perpetuity, but they may be able to realize appreciation from improvements they make while they live in the house.

Contact: clt@scottcda.org