Colorado Community Land Trust (CCLT) Homeownership Program

What is Colorado Community Land Trust (CCLT) Homeownership Program?

Colorado Community Land Trust (CCLT) Homeownership Program is a shared-appreciation loan for homebuyers in Denver, Colorado.

• Colorado Community Land Trust (CCLT), operated by Habitat for Humanity of Metro Denver, provides permanently affordable homeownership in the Denver metro area. CLT owns the land; buyer owns the home via 99-year ground lease. Resale-restricted to ensure perpetual affordability for future buyers.
• Permanently affordable CLT homeownership in Denver metro.
• land subsidy keeps prices well below market.
• 99-year ground lease.
• resale-restricted for perpetual community benefit.
• operated by Habitat Metro Denver.
• Funding comes from Nonprofit, Federal, State, and Private.

Do you have to pay it back?

Colorado Community Land Trust (CCLT) Homeownership Program is a shared-appreciation loan and is repaid under the terms set by the administering agency.

• Repayment is triggered by Sale — resale formula limits appreciation (shared equity).
• The assistance is recorded in CLT 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?

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

What are the income limits?

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

• At or below 80% AMI; Denver metro counties.
• The limit applies to total household income, not only the borrower’s.
• 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?

Colorado Community Land Trust (CCLT) Homeownership Program caps the purchase price at $400,000.

• Eligible property types include Single Family, Condo, and Townhouse.
• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

Colorado Community Land Trust (CCLT) Homeownership Program serves buyers purchasing in Denver, Colorado.

• The program targets specific areas: Denver metro: Denver, Adams, Arapahoe, Jefferson, Douglas counties.

How do you apply?

Applications for Colorado Community Land Trust (CCLT) Homeownership Program go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through Habitat Metro Denver homebuyer education required.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through First-Come-First-Served, and are subject to availability.

3. 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.