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Newtown Community Land Trust (CLT) Program

Newtown Community Development Corporation · Tempe, Arizona

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See what you qualify forOfficial program site →
Income limit

80% AMI

Of area median income; varies by county and household size

Repayment

Shared appreciation

Settled on the terms set by Newtown Community Development Corporation

What is Newtown Community Land Trust (CLT) Program?

Newtown Community Land Trust (CLT) Program is a shared-appreciation loan for homebuyers in Tempe, Arizona, administered by Newtown Community Development Corporation.

  • Newtown's Community Land Trust (CLT) is a permanently affordable homeownership program operated by Newtown Community Development Corporation, the oldest and largest CLT in Arizona, serving Maricopa County. Newtown uses city/county grant funds to buy or build homes and sells them below market value to income-qualified first-time buyers, who purchase only the house while Newtown retains the land under a 99-year renewable ground lease. To preserve affordability, resales follow a shared-appreciation formula in which Newtown repurchases the home for the original price plus 25 percent of the appreciation. Buyers must complete homebuyer education, earn at or below 80 percent AMI (some resales up to 120 percent), and contribute at least $2,500.
  • Homes sold below market value with price based on an affordable monthly payment.
  • Each home refurbished move-in ready.
  • Homebuyer education, counseling, and financial coaching included.
  • Buyer keeps 25 percent of appreciation at resale.
  • May rent out individual rooms while owner-occupying.

Do you have to pay it back?

Newtown Community Land Trust (CLT) Program is a shared-appreciation loan and is repaid under the terms set by Newtown Community Development Corporation.

  • The assistance is recorded in Other (99-year renewable ground lease) position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Newtown Community Land Trust (CLT) Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — with exceptions: Must be a first-time homebuyer or not have owned a home in the past 3 years; exceptions for a single parent who owned only with a former spouse while married, or a displaced homemaker who owned only with a spouse.
  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Newtown Community Development Corporation (homebuyer education and housing counseling).
  • Buyer must qualify for a conventional mortgage through a participating lender. Newtown holds a Right of First Refusal on resale and must approve all mortgages, encumbrances, and refinances. Assistance is delivered as a below-market sale price; there is no fixed dollar assistance amount (varies per home). GAP: minimum credit score not stated on primary sources. GAP: maximum DTI not stated. GAP: specific maximum purchase price not published (set per home based on affordability). GAP: annual funding cap / reservation system not published. GAP: CLT-specific intake email and participating lender list not published. GAP: required mortgage term not specified.

The program excludes

  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Newtown Community Land Trust (CLT) Program limits household income to 80% of the area median income, which varies by county and household size.

  • Most CLT homes sold only to households at or below 80 percent of HUD Area Median Income (adjusted by family size); some resales up to 120 percent AMI. June 2025 (Phoenix-Mesa-Scottsdale MSA / Maricopa County) 80 percent AMI: 1 person $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’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.

What kind of home can it be used for?

Newtown Community Land Trust (CLT) Program can be used for Single Family.

Where does it apply?

Newtown Community Land Trust (CLT) Program serves buyers purchasing in Tempe, Arizona.

How do you apply?

Applications for Newtown Community Land Trust (CLT) Program go through Newtown Community Development Corporation, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through Newtown Community Development Corporation (homebuyer education and housing counseling)..

  2. Contact Newtown Community Development Corporation to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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