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.

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.

Colorado Community Land Trust (CCLT) Homeownership Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. On credit, the program states: 620 minimum FICO. A homebuyer education course is required, through Habitat Metro Denver homebuyer education required. Residency requirement: State Resident. Citizenship or immigration status: U.S. Citizen or Permanent Resident. Must purchase CCLT home; income at or below 80% AMI; 99-year ground lease; resale formula applies at sale.

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.

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.

Colorado Community Land Trust (CCLT) Homeownership Program serves homebuyers purchasing in Denver, Colorado. The program targets specific areas: Denver metro: Denver, Adams, Arapahoe, Jefferson, Douglas counties.

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. Funds are reserved through First-Come-First-Served. 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.