The American Dream is Possible in Carver County!

Homeownership is a reality in Carver County. In 2009, the Carver County CDA expanded the Community Land Trust (CLT) program throughout the county to help provide secure, affordable access to land and housing for potential home buyers with low-to-moderate incomes, typically quantified as those earning 50-80% of the area’s median income. Today, the CLT has 42 homes scattered throughout Carver County. Please contact 952-448-7715 ext. 2778 or read the CLT Brochure for further information.

If you are a current land trust owner, click here to make payments online.

How does the CLT work?

  1. The CLT acquires land that a new home is then built on or acquires a home that is for sale in the community.
  2. An appraisal is conducted to set the fair market value of the house and land.
  3. The house is sold to a qualifying family, but the deed for the land is kept with the CLT and leased for a nominal monthly fee.
  4. When the homeowner wishes to sell, a second appraisal is conducted to establish the new value of the house AND land, this new value determines the new resale price.
  5. 75% of the appreciation in value stays with the CLT land, which makes the house affordable for the next buyer.

CLT Facts

  • CLT homeowners have the same benefits as traditional homeowners
  • CLT homes are owned by the resident, but the trust owns the land.
  • The CLT assists renters who believe they cannot afford a home.
  • The CLT makes homes affordable over an extended period of time (100+ years).
  • CLT properties are leased from the land trust through a long-term (99-year), renewable ground lease.
  • Governmental and private grants further subsidize homes on the ‘front end,’ thereby “locking in” the benefit of these subsidies one homeowner after another.
  • Eligible participants for the CLT program are subjected to income limits.