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A program allowing lower-income home-buyers to purchase Land Trust homes for a significantly reduced price. When homeowners move, they agree to pass on the benefits they received by selling their home below market price to another income-qualified buyer. The purpose of a Community Land Trust is to provide access to land and housing to people who might otherwise be denied access; to increase long-term community control of neighborhood resources; to empower residents through involvement and participation in the organization; and to preserve the affordability of housing permanently.

Helps moderate to low income people attain home ownership. People who make 50 - 80% of the median income can purchase homes through the land trust. The land trust owns the land on which the home sits and the home owners lease the land through a 99 - year ground lease. When home owners wish to sell, they agree to sell their home to another income qualified buyer at a price determined by a resale formula. This keeps the home affordable for future homeowners.

A program that works to provide permanent affordability of homeownership to the community. The Community Land Trust program acquires land and protects it from the for-profit real estate market. Lands are held in trust for the benefit of the community by ensuring that it will always remain affordable for eligible homebuyers as their primary residence. Income-eligible homebuyers have access to homes at a 20-25% reduced rate from market-rate homes. The homes are either new construction or newly rehabbed with energy efficiency in mind, new mechanical systems, roofing, siding, windows, etc.

- All homes purchased through Rondo CTL use the land trust model - Homebuyers purchasing houses through this program buy only the house and enter into a 99-year ground lease for the land. The land remains the property of the land trust, but the homeowner has full use and responsibility for the land. - Provides support services to its participants, including foreclosure prevention, property tax refunds, refinancing assistance, and home maintenance workshops - This process allows the home to remain affordable and the homeowner to earn equity - Uses the land trust model to meet the need for affordable housing, and to preserve the economic and cultural diversity of a community - When the owner sells their home, the ground lease requires them to sell it to another household of low to moderate income for the original sales price plus 25% of any appreciation in the home's value

Assists low and moderate-income households in purchasing homes in the city of Minneapolis. Services include: - Assisting households in purchasing a home by owning the land of a particular property but selling the home on the land to an income-qualified buyer. The homeowner then leases the land from the CLCLT through a 99-year, renewable-ground lease. ?- Orientation on housing services through CLCLT