Community Land Trust - Rondo Community Land Trust, The
- All homes purchase 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, home maintenance workshops - This process allows the home to remain affordable and the home owner 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
Last assured
06/07/2024
Physical Address
1041 Selby Avenue, Saint Paul, MN 55104
Hours
9 am - 4 pm Monday - Thursday; 9 am - 12 noon Friday
Voice
Website
Application process
Call, write, email or visit website for information. Participants must first attend an orientation session. Email or call to schedule one.
Required documents
Application/registration form; proof of household income
Eligibility
Low to moderate income households in Ramsey County
Service area
Ramsey County, MN
Agency info
Rondo Community Land Trust, The
Community-based affordable housing land trust serving Ramsey County