Chandler First-Time Homebuyers Program (Community Land Trust)

Chandler First-Time Homebuyers Program (Community Land Trust) is down payment assistance for homebuyers in Chandler, Arizona, administered by City of Chandler Community Development Division; delivered by Newtown Community Development Corporation. The Chandler First-Time Homebuyers Program provides affordable homeownership to low-income first-time buyers using a Community Land Trust (CLT) model administered by Newtown CDC. Buyers pay only for the structure; the land is retained under a 99-year renewable ground lease, keeping the home permanently affordable. Funded by HOME funds via the Maricopa HOME Consortium; ~69 CLT homes in Chandler. Below-market price - buyer pays only for the structure. 99-year renewable ground lease at low monthly cost. Shared-equity resale restrictions protect equity and affordability. Homebuyer education and counseling included. Post-purchase support: refinancing/resale assistance, tool library. DPA/WISH funds may apply toward $2,500 contribution. Funding comes from HOME Investment Partnerships Program (Maricopa HOME Consortium / HUD); FHLB funds for DPA match.

Chandler First-Time Homebuyers Program (Community Land Trust) is down payment assistance and is repaid under the terms set by City of Chandler Community Development Division; delivered by Newtown Community Development Corporation. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Chandler First-Time Homebuyers Program (Community Land Trust) is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Not owned a home in past 3 years; OR single parent who only owned with a former spouse; OR displaced homemaker who only owned with a spouse. A homebuyer education course is required, through Newtown CDC - First Time Homebuyer Workshop, 2-hour counseling, CLT orientation. Must complete homebuyer workshop, 2-hour counseling, CLT orientation; qualify for a conventional mortgage. City contact: Karin Bishop, (480) 782-4353, karin.bishop@chandleraz.gov. Distinct from the Newtown CLT (Tempe) catalog entry - this program is Chandler-funded and Chandler-located. Participating lenders and current inventory: contact Newtown CDC.

Chandler First-Time Homebuyers Program (Community Land Trust) limits household income to 80% of the area median income, which varies by county and household size. Gross household income < 80% AMI by family size. FY2025 Maricopa County (eff. June 1, 2025): 1=$62,850; 2=$71,800; 3=$80,800; 4=$89,750; 5=$96,950; 6=$104,150; 7=$111,300; 8=$118,500. The limit applies to total household income, not only the borrower&rsquo;s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Chandler First-Time Homebuyers Program (Community Land Trust) can be used for Single Family. New construction is not eligible. Manufactured homes are not eligible.

Chandler First-Time Homebuyers Program (Community Land Trust) serves homebuyers purchasing in Chandler, Arizona. The program targets specific areas: Properties within City of Chandler boundaries; CLT homes in specific Chandler neighborhoods.

Applications for Chandler First-Time Homebuyers Program (Community Land Trust) go through City of Chandler Community Development Division; delivered by Newtown Community Development Corporation, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.