Pima County Community Land Trust
Who does the program help?
Families between 50% and 80% of the area’s median household income
What does the program provide?
Pima County Community Land Trust (PCCLT) has permanently affordable homes for sale with no down payment, a discounted purchase price, and limited out-of-pocket costs. PCCLT retains ownership of the land, which homeowners lease for between $30 and $75/month (subject to change). Upon moving out, owners agree to sell to another low/moderate-income buyer and share a portion of the equity with the next homeowner.
What does the program require?
- Be within 50% and 80% of the area’s average median household income
- Live in the property as a primary residence and cannot own other property
- Contribute between $1,500 and $3,600 toward closing costs
- Qualify for a conventional mortgage through a participating lender
- Be able to afford mortgage payments (debt to income ratios apply)
- Agree to sell to another low/moderate-income buyer and share a portion of the equity with the next homeowner
- Complete a Pre-purchase Homebuyer Education Workshop with PCCLT
- Be a U.S. citizen or legal permanent resident
The property must
- Be available for sale through the Pima County Community Land Trust
Where does the program funding come from?
The Pima County Community Land Trust is a 501(c)(3) tax-exempt nonprofit organization. Program funding originally provided by the U.S. Department of Housing and Urban Development.