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Get Matched Free →Andover Community Trust Homebuyer Program
Funding status: Active
How much assistance
Subsidized purchase price on permanently affordable homes; subsidy varies by home and household
Permanent affordability is preserved through the community land trust ground lease. Owners build equity but agree to a resale formula that keeps the home affordable for future buyers.
Eligibility
- Income limits: At or below 80% Area Median Income (AMI)
- First-time buyer required: No
- Geographic restrictions: Available only on Andover Community Trust homes located in the City of Andover, Minnesota.
- Homebuyer education required: Yes
How to Apply for Andover Community Trust Homebuyer Program
Visit andoverclt.org to view available homes, complete the buyer interest form, and begin the application process. Buyers must meet income and homebuyer education requirements and use a CLT-experienced lender.
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