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Rondo CLT - For Sale Homes

Geographic Service Area: 
St. Paul
Program Details: 
Selected buyers purchase land trust homes offered by Rondo CLT

Selected buyers that purchase homes through the Rondo Community Land Trust buy just the structure and the land is held "in trust" so that affordable housing will be available to future generations of low-to-moderate income homebuyers. Rondo CLT homebuyers enter into the Ground Lease agreement with Rondo CLT and agree to a limited equity resale formula. Some down payment and closing cost assistance may be available. The amount of the assistance depends on need and eligibility of selected buyers.