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Get Matched Free →City of Lakes Community Land Trust Homeownership
Funding status: Active
How much assistance
Subsidized purchase price; typical CLCLT subsidy averages tens of thousands per home
CLCLT retains ownership of the land while the buyer owns the home. On resale, the home must be sold to another income-qualified buyer at a formula price that preserves affordability.
Eligibility
- Income limits: Designed for low- to moderate-income households, generally at or below 80% Area Median Income.
- First-time buyer required: No
- Geographic restrictions: Properties available within Minneapolis city limits.
- Homebuyer education required: Yes
How to Apply for City of Lakes Community Land Trust Homeownership
Contact CLCLT to attend a buyer orientation. Buyers complete homebuyer education, financial readiness counseling, and a CLCLT-specific orientation before being placed on the buyer list. CLCLT homes are then offered as they become available.
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