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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

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

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.

Offers a variety of programs to make homeownership a possibility for low-income families. Services may include: - Home Stretch Classes: Offers a homeownership training program required for participation in order to receive financial assistance - Minnesota City Participation Program: In partnership with Minnesota Housing, the program offers affordable first-time homebuyer loans through participating lenders in Blue Earth County. A variety of loan programs are for homebuyers, including down payment and closing costs loans up to $18,000. - Owner Occupied Rehabilitation Program: A home improvement program for low to moderate income households who qualify. The program may provide zero interest loans of up to $35,000 per property, no monthly payments, and the loan can be forgiven after 10-years. - Partnership Community Land Trust: In partnership with the Southwest Minnesota Housing Partnership, the program offers a path to homeownership through a community land trust where a new home build or a purchase of an existing one is leased to a low-income household for a small fee. This program makes homeownership affordable by lowering the mortgage, down payment, and closing costs.

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.