Homeownership Within Reach: Your Key to Exploring New Possibilities with the Carver County Community Land Trust
How the Carver County Community Land Trust (CCCLT) works:
- Homebuyer purchases and owns the house.
- The Carver County Community Land Trust purchases and holds the land.
- Homeowner pays a minimal monthly ground lease payment to the CCCLT.
- Homeowner has all the same rights and responsibilities as any traditional homeowner.
Who qualifies?
Believe you're eligible for the Carver County Community Land Trust? Interested in buying a CCCLT home?
Complete the Pre-Screening Pre-Application Questionnaire below:
Below are the program steps for the Carver County Community Land Trust Program.
Carver County Community Land Trust Program Steps
If you are interested in purchasing a land trust home from the Carver County Community Land Trust (CCCLT), complete the following steps:
- Complete the online Pre-Screening Questionnaire. This will help determine if you are eligible to participate in the program. Buyer(s) gross income cannot exceed 80% Area Median Income (AMI) adjusted by household size. Include annual gross incomes for all persons 18+ in the household.
| Household Size | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| 80% AMI Max Limit (Annual) | $72,950 | $83,400 | $93,800 | $104,200 | $112,550 | $120,900 | $129,250 |
| Monthly Gross Income | $6,079 | $6,950 | $7,817 | $8,683 | $9,379 | $10,075 | $10,771 |
- Complete the Income and Assets Attestation Form and schedule your CLT Orientation.
- Meet one-on-one with a CDA / CCCLT employee for a Community Land Trust Orientation.
- Attend a Home Stretch Homebuyer Education Workshop (In-person or virtual workshops accepted). Note: Framework online courses are not accepted.
- Get qualified for a first mortgage loan through a CCCLT approved lender, or a lender familiar with community land trusts.
- Apply for additional funding, such as down payment and/or closing cost assistance.
- Fill out the full CCCLT application. (This will be sent out by the CCCLT if a home is available, and all steps and prior requirements have been met.)
- Become a CLT homeowner!
Use these steps as a checklist. Application for the program will be considered complete when all steps are completed and all documentation is received.
Contact Information
705 North Walnut Street, Chaska, MN 55318 | carvercda.org | P: 952-448-7715 | F: 952-448-6506