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Tenants to Homeowners (Lawrence Community Land Trust)

Administered by:

Tenants to Homeowners, Inc.
· Nonprofit · Forgivable Loan

Funding status: Active

How much assistance

Average $50,000 price reduction (subsidy) on home purchase. Down payment as low as 5% of annual gross income. Closing costs (~$4,500) covered for first-time buyers.

Long-term affordability via Community Land Trust model. Land remains owned by TTH; buyer owns the home. Resale price is restricted to keep the home affordable for the next eligible buyer.

Eligibility

  • Income limits:
    Less than 80% of HUD-determined Area Median Income for Douglas County.
  • First-time buyer required: Yes
    Targeted at first-time, low- to moderate-income Lawrence and Douglas County residents.
  • Geographic restrictions:
    Available only in Lawrence, KS / Douglas County, on TTH-owned or developed properties.
  • Homebuyer education required: Yes

How to Apply for Tenants to Homeowners (Lawrence Community Land Trust)

Step 1: Contact Tenants to Homeowners at 785-842-5494 or 2518 Ridge Ct., #103, Lawrence, KS. Attend a homebuyer workshop and complete budget and/or credit counseling from Housing and Credit Counseling Inc. (785-234-0217) before purchase.

Notes

Founded in 1992. Has helped more than 350 families become homeowners. Subsidies funded through Federal, State, and other grant funding or donations. Also operates 124 affordable rentals.

Cities Where This Program Is Available