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Two Rivers Community Land Trust Homeownership

Administered by:

Two Rivers Community Land Trust
· Nonprofit · Deferred Loan

Funding status: Active

How much assistance

Subsidized purchase price on permanently affordable CLT homes; subsidy varies by home and household

Permanent affordability is preserved through a long-term ground lease. Owners build equity but agree to a resale formula that keeps the home affordable for future buyers.

Eligibility

  • Income limits:
    Income limits vary by household size; gross household income must be at or below program limits to qualify.
  • First-time buyer required: No
  • Geographic restrictions:
    Serves Washington County, Minnesota and nearby communities including Andover, Bayport, Blaine, Cottage Grove, Forest Lake, Lakeland, New Richmond, Newport, Oak Park Heights, and Oakdale.
  • Homebuyer education required: Yes

How to Apply for Two Rivers Community Land Trust Homeownership

Step 1: Visit tworiversclt.org to view available CLT homes and start the buyer interest process. Applicants must complete two homebuyer education classes (one offered by Two Rivers), submit a pre-application and full application, and qualify for mortgage financing.

Notes

Income limits vary by household size; verify current limits with Two Rivers Community Land Trust at tworiversclt.org.

Cities Where This Program Is Available