The American Dream is Possible in Carver County!

The Carver County Community Land Trust (CCCLT) creates lasting homeownership opportunities for low-to-moderate income individuals and families throughout Carver County. Since 2009, this Carver County CDA program has provided the opportunity of homeownership with 42 homes in trust. Explore the path to affordable homeownership below or read the CCCLT Brochure here.

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.

Click here to complete the pre-screening

Carver County Community Land Trust Pre-Screening

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:

Learn how a Community Land Trust works, video created and owned by Grounded Solutions Network.