Here’s how it works. You are able to purchase a completely renovated Community Land Trust (CLT) home for a significantly lower price because the land remains part of the Land Trust. In exchange, when you decide to sell your home you agree to sell it for an affordable price. This allows another individual or family to have the same opportunity as you and to achieve their dream of home ownership.
WHY BUY A COMMUNITY LAND TRUST HOME?
Affordable – sales price is based on a monthly payment that is affordable for you Quality – extensive professional rehabilitation is completed before you buy the house Support – help with initial purchase and on-going support to help ensure your success as a homeowner
Contact a licensed housing specialist now! 602-429-6789
TWO WAYS TO BUY A COMMUNITY LAND TRUST HOME
1. Buyer Driven (most common)
You select a house to buy (within a specific area and according to certain requirements)
Newtown buys the house and completes rehabilitation