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Carver County Community Land Trust

Administered by:

Carver County CDA / Carver County Community Land Trust (CCCLT)
· County · Deferred Loan

Funding status: Active

How much assistance

Subsidized purchase price on permanently affordable CLT homes; subsidy varies by home and household

99-year renewable ground lease. Owners build equity but keep only 25% of appreciation on resale; 75% of appreciation stays with the CLT to keep the home permanently affordable for the next buyer.

Eligibility

  • Income limits:
    At or below 80% Area Median Income (AMI)
  • First-time buyer required: Yes
  • Geographic restrictions:
    Available only on Carver County Community Land Trust homes within Carver County (current portfolio includes 34 properties across 6 communities including Chaska).
  • Homebuyer education required: Yes

How to Apply for Carver County Community Land Trust

Step 1: Visit carvercda.org or contact ccclt@carvercda.org for available CLT homes and to begin the application process. Buyers must complete a Home Stretch financial education class, qualify for a mortgage, and meet income limits.

Notes

Verify current household-size income limits and home availability with Carver County CDA at ccclt@carvercda.org.

Cities Where This Program Is Available