See programs you qualify for
Get Matched Free →First Homes Community Land Trust
Funding status: Active
How much assistance
Subsidized purchase price; First Homes typically reduces home cost by removing the land value from the price
First Homes owns the land and leases it to the buyer for 99 years. On resale, value appreciation is shared between the seller and the home itself, preserving affordability for the next income-qualified buyer.
Eligibility
- Income limits: At or below 80% Area Median Income.
- First-time buyer required: No
- Geographic restrictions: Greater Rochester, Minnesota service area.
- Homebuyer education required: Yes
How to Apply for First Homes Community Land Trust
Contact First Homes to attend an orientation and get matched with a partner lender. Complete homebuyer education and counseling. Once approved, choose from First Homes' inventory of CLT homes as they become available.
Free eligibility check
See every program you may qualify for
How soon are you looking to buy?
Question 1 of 6
housebuyerguides