Community Land Trust (CLT) homes cost less than market rate homes
because CLT homebuyers purchase only the house and enter into a
long-term agreement with the land trust for the use of the land.
By taking the cost of the land out of the real estate transaction,
these homes are more affordable than houses on the open real estate
John Swanson, Program Manager, U.S. Department of Housing and Urban
Development, Community, Planning and Development (CPD) says that
�Today in many communities, growth and development are driving up
real estate prices so that fewer and fewer people can afford to
own or rent a home in the communities where they work.� Our communities
invest local, state and federal funds to subsidize housing costs
for lower income households, but the gap between the amount of subsidy
needed for affordability and the amount of subsidy available continues
to widen.� CLTs can address some of these problems.� We do not view
CLTs as the approach to the development of
affordable housing in our Minnesota communities.� Rather, we view
CLTs as another approach or tool to assist
in the development of affordable housing.� �
"The City of Lakes Community Land Trust's (CLCLT's) receives HUD
support through technical assistance funding, new organization capacity
building aid, and training scholarships. The support of the local
HUD office has been invaluable to the CLCLT as we grow", said Jeff
Washburne, Director, City of Lakes Community Land Trust.
Read how Tamara and Nathan
Lee completed their long journey to owning with the help of the
Community Land Trust.
The Minnesota Community Land Trust Coalition is a consortium of
12 members, serving various communities and over 200 CLT households
Read the latest news from the coalition.
For more information about Minnesota's CLTs, please visit the following
United Housing Services - (651) 298-1903
White Bear HOME - (651) 653-0249
Woodbury Community Land Trust - (651) 714-3523
Greater Frogtown CDC - (651) 848-2021
Two Rivers Community Land Trust - (651) 351-9039
City of Northfield - (507) 645-3006
For more information from HUD's office in Minneapolis, call or
email Anita Olson (firstname.lastname@example.org), Chief, Customer Service Branch, (612) 370-3000 x2289.