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Thurston Housing Land Trust Homeownership

Administered by: Thurston Housing Land Trust · Nonprofit · Repayable Loan

Funding status: Active

How much assistance

Homes typically priced 30%-50% below market through community land trust model; subsidy value varies by property (Repayable Loan)

Long-term affordability preserved through 99-year ground lease and resale formula

Eligibility

  • Income limits: Most homes restricted to households at or below 80% of Thurston County AMI; some homes available to higher incomes that still cannot afford market-rate
  • First-time buyer required: No
  • Credit score minimum: 680
  • Geographic restrictions: Must live or work in Thurston County
  • Homebuyer education required: Yes

How to Apply for Thurston Housing Land Trust Homeownership

Step 1: Review available homes on the THLT website, attend a homeownership orientation, and submit application materials. Buyers must demonstrate steady two-year income history, satisfactory credit (typically 680, 700 preferred), and modest consumer debt.

Notes

Founded in 2018 to provide permanently affordable homeownership in Thurston County via community land trust model.

Cities Where This Program Is Available