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Lexington Community Land Trust

Administered by: Lexington Community Land Trust · Nonprofit · Zero-Interest Loan

Funding status: Active

How much assistance

Subsidized home pricing through community land trust model (Zero-Interest Loan)

Community land trust model: buyer purchases the home but leases the land at below-market rates. Affordability restrictions maintained in perpetuity when resold.

Eligibility

  • Income limits: 60%-80% AMI for Fayette County.
  • First-time buyer required: No
  • Geographic restrictions: Lexington and Fayette County.
  • Homebuyer education required: Yes

How to Apply for Lexington Community Land Trust

Step 1: Contact Lexington Community Land Trust at Carver Center, 522 Patterson St., Lexington, KY 40508. Phone: (859) 303-5223.

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Notes

Permanently affordable homeownership model. Land is leased at nominal cost, reducing overall purchase price for buyers.

Cities Where This Program Is Available