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CLT Updates...
Financing and grants still available in Heritage Greens of Cambridge.
Contact Jason at 320-259-0393 for more information.
| Central Minnesota Housing Partnership, Inc. |
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Community Land TrustWhat is a community Land Trust?A community land trust (CLT) is a nonprofit, community-based organization that works to provide permanently affordable homeownership opportunities. A CLT acquires land and removes it from the speculative, for-profit, real estate market. CLTs hold the land they own "in trust" forever to preserve a long term housing affordability option for communities and homebuyers. A community land trust provides access to home ownership for people who cannot afford homes for sale on the real estate market. CLTs provide greater housing security than renting. CLT residents benefit from stable monthly payments, security from eviction, and the opportunity to build equity through home ownership. There are over one hundred CLTs in the nation today. Currently over a dozen organizations are using the CLT model to provide affordable home ownership opportunities in Minnesota. There are CLTs in cities, suburbs and rural areas. The Central Minnesota Community Land TrustThe Central Minnesota Community Land Trust (CMCLT) is a subsidiary of the Central Minnesota Housing Partnership (CMHP). The CMCLT is an 501(c)(3) incorporated non-profit regional land trust that offers affordable financing products and assistance to low and moderate income first time homebuyers purchasing new construction homes. Presently the CMCLT offers the Community Land Trust model of homeownership for the purchase of newly constructed homes in the Heritage Greens of Cambridge development in Cambridge, MN. Great homes with reduced prices in a new development with a traditional feel. THe CMCLT also provides additional affordable financing products to achieve a monthly mortgage payment similar to rent! Click HERE to learn more.
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