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Homeownership Steps

Community Land Trust Homeownership Process

If you're interested in purchasing a CLT home, you might be asking: How do I qualify? What steps are involved? Who gets selected? Here is the process for purchasing a CLT home.

Step 1. Prepare for Homeownership by completing all eligibility requirements

• Attend a CLT orientation
• Attend a homebuyer education session
• Complete a pre-application intake

Step 2. You will be referred to a Preferred Lender.

Step 3. When homes become available review their specified income brackets.

• Homes will be available at different times throughout; each will have an income level for eligible home buyers

Step 4. Eligible Homebuyers will be invited to complete an application.

Step 5. Complete an application for a home.

• The application will be announced when there are available homes. You must have all previous steps completed.

Step 6. Application review

• All applications are reviewed for completeness. Each application will either be approved or denied.

Step 7. Lottery selection process is performed.

• All approved applications are moved to the lottery queue. Lottery selection will be announced in our website and winners will be contacted.

Step 8. Enter into a sales agreement and escrow.

Step 9. Prepare for closing.

• Your lender, the sales agent, and the CLT will help you through this process. This may last around 45-60 days.

Step 10. Move-in to your First Home!

• You will enter into a ground lease and the CLT will provide ongoing stewardship and support.