Do you need help buying an affordable home in Austin? The Community Land Trust program will allow you to purchase a home, but lease the land for a small monthly fee. By taking the cost of the land out of the real estate transaction, land trust homes are more affordable than houses on the open real estate market. The benefit is that it provides access to quality housing for low and moderate income families and keeps housing affordable for future buyers by controlling the resale price of the houses on CLT land through a ground lease and resale formula.
Purchase of an affordable home in desirable neighborhoods of Austin
May be eligible for additional down payment assistance
Affordable monthly mortgage payments
For more information, feel free to access the Community Land Trust flyer in English and Spanish or the Frequently Asked Questions fact sheet.