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Minot Area Community Land Trust

Administered by:

Minot Area Community Land Trust (MACLT)
· Nonprofit · Repayable Loan

Funding status: Active

How much assistance

Reduced home purchase price; CLT retains ownership of the land while the buyer owns the home

Buyer agrees to limit equity by sharing a portion of appreciation at resale.

Eligibility

  • Income limits:
    Buyer must meet MACLT income limits and any income limits attached to subsidy resources used.
  • First-time buyer required: No
  • Geographic restrictions:
    Greater Minot area. Buyer must agree to the CLT ground lease and resale restrictions.
  • Homebuyer education required: Yes

How to Apply for Minot Area Community Land Trust

Step 1: Complete online homebuyer education and submit an application via email to info@minotclt.org. Get pre-approved through a MACLT-participating lender (First International Bank & Trust or Gate City Bank are current participating lenders). Call 218-791-4668 with questions.

Notes

NDHFA provides funding to the Minot Area Community Land Trust as part of its CLT pilot program.

Cities Where This Program Is Available