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Get Matched Free →Summit Hill Community Land Trust Homeownership Program
Funding status: Active
How much assistance
Permanently affordable homes priced as low as $205,000 through ground lease model (Deferred Loan)
Ground lease model preserves permanent affordability. Shared appreciation upon resale ensures the home remains affordable for future buyers.
Eligibility
- First-time buyer required: No
- Geographic restrictions: Must live or work in Monroe County, Indiana for at least six months
- Homebuyer education required: Yes
How to Apply for Summit Hill Community Land Trust Homeownership Program
Step 1: Attend an information session and complete the City of Bloomington Homebuyers Club. The program can be combined with the city HAND $10,000 down payment assistance and other programs.
Notes
Operated by the Summit Hill Community Development Corporation, an affiliate of the Bloomington Housing Authority. Uses ground leases and modular construction to preserve permanently affordable homeownership.