Buyers must owner-occupy, fit the income restrictions (household income limit of $93,600), and satisfy program guidelines for the land trust through 1 Roof Community Housing. The land is leased for $36/month for 99 years and can be renewed. Please see the links below for more information about the land trust model.
To apply:
- Complete the Land Trust program application: One Roof Community Housing - Community Land Trust Application (tfaforms.com)
- Complete the “Homestretch” curriculum, an 8-hour homebuyer education class offered by One Roof or through Kootasca Community Action (Homebuyer Education & Counseling – KOOTASCA).
- Attend a Community Land Trust program orientation session.
- Obtain a mortgage pre-approval from a participating lenderand submit your income documentation verification to Itasca County Housing and Redevelopment Authority
Land Trust Model Information
