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Get Matched Free →Sawmill Community Land Trust Homeownership Program
Funding status: Active
How much assistance
Permanently affordable home purchase via 99-year ground lease; reduces purchase price by separating land from improvements
Resale formula limits future sale price to keep home permanently affordable; ground lease is renewable for 99 years.
Eligibility
- Income limits: Income-restricted to low- and moderate-income families; specific limits set per project.
- First-time buyer required: No
- Geographic restrictions: Limited to homes within Sawmill Community Land Trust developments in Albuquerque.
- Homebuyer education required: Yes
How to Apply for Sawmill Community Land Trust Homeownership Program
Inquire through the Sawmill Community Land Trust website. Complete HUD-certified homebuyer counseling. Apply for available SCLT homes when offered.
Notes
Monthly land lease and HOA fee is $50. SCLT has built 93 homeownership units across 34 acres in Albuquerque.