The land trust ​boosts buying power​making ​homeownership possible.

By bridging the difference between the buyer’s mortgage and the appraised cost of the property, more homes can be made available for prospective buyers that may have been previously priced out of the market.

• Not all buyer households can afford homes currently on market​

• Expanded client base​

• CLTs often serve as the driver to get to closing​

• CLTs may have additional funds for rehab or deferred maintenance​

• Shared-equity homeownership is and will continue to be trend​

• Relationship building for the next purchase, resale, or refi​

• Realtors are paid commission​

• 80% or less of Area Median Income for Fayetteville-Springdale-Rogers, AR MSA at time of buyer closing​

• CLT orientation​

• CLT Application​

• Fannie Mae Homeview or Freddie Mac Credit Smart/Homebuyer U Certificate​

• Lender Pre-approval ​for CLT Home

• Attorney Review​ of documents after offer

• Other – project/program/funder specific as necessary

CLT Ownership provides:

• Greater likelihood of attaining and sustaining homeownership

• Builds wealth among lower income households

• Ensure public investments in housing goes further and does more

• Builds Stronger, safer, and high-quality neighborhoods

• Contributes to greater educational and job attainment

• Read more about how CLTs have made a difference

• Shift from transactional to relational ​

• Serve as champions for the model (aka, let your peers know!)​

  Reframe the conversation:

• Not more work, different work​

• An important tool in the tool box​

• Align business model with emerging reality​

Let’s chat! Reach out to Sophie at sophie@webringithome.org with any questions.