People's Housing+ Community Land Trust Homeownership Program

What is People's Housing+ Community Land Trust Homeownership Program?

People's Housing+ Community Land Trust Homeownership Program is a shared-appreciation loan for homebuyers in New Orleans, Louisiana, administered by People's Housing+ (PH+).

• People's Housing+ (the operating CLT entity carrying forward the Crescent City Community Land Trust / Home by Hand work in New Orleans) sells newly constructed, permanently affordable single-family homes to households at or below 80% AMI (limited opportunities to 120% AMI) in Orleans Parish. Under its community land trust shared-equity model, PH+ retains the land and leases it via a long-term ground lease, lowering purchase cost. Buyers receive substantial built-in subsidies; a CLT resale formula caps future appreciation so homes remain affordable.
• Permanently affordable purchase price.
• up to $60,000 (CLT) / $100,000 (other) built-in subsidies.
• new EnergyStar 3.0 construction.
• ongoing PH+ coaching.
• build wealth via shared equity.
• Funding comes from Mix of public and private: foundations, public entities (e.g., NORA O-HIP), financial institutions, private donors.

How much assistance does it provide?

People's Housing+ Community Land Trust Homeownership Program offers up to $100,000 in assistance.

• Award tiers: Most homes cap at 80% AMI; limited opportunities up to 120% AMI.
• Buyer contribution: At least 1% of purchase price as down payment (veterans may qualify for no-down-payment financing).
• The program can be combined with City of New Orleans first-time homebuyer soft second / closing cost assistance has historically combined with CLT purchases; PH+ subsidies built into pricing.
• Amounts are the program's published maximums, not an offer — People's Housing+ (PH+) determines any individual award.

Do you have to pay it back?

People's Housing+ Community Land Trust Homeownership Program is a shared-appreciation loan and is repaid under the terms set by People's Housing+ (PH+).

• Repayment is triggered by Resale of home; CLT sets resale price under a shared-equity formula (99-year ground lease).
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

People's Housing+ Community Land Trust Homeownership Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

People's Housing+ Community Land Trust Homeownership Program limits household income to 80% of the area median income, which varies by county and household size.

• Household income at or below 80% AMI for Orleans Parish (2025 4-person limit $71,850 per eligibility page; income-limits chart lists $70,880). Limited opportunities up to 120% AMI. Entire household income counted.
• 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?

People's Housing+ Community Land Trust Homeownership Program caps the purchase price as follows: Homes sold at set affordable prices; CLT homes ~$150,000 (up to $60,000 subsidy); other PH+ homes $205,000-$350,000 with up to $45,500-$100,000 subsidy.

• Eligible property types include Single Family.
• New construction is eligible.

Is there eligibility for specific groups?

People's Housing+ Community Land Trust Homeownership Program names veterans among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

People's Housing+ Community Land Trust Homeownership Program serves buyers purchasing in New Orleans, Louisiana.

• The program targets specific areas: New Orleans (Orleans Parish). Neighborhoods: New Orleans East, Gentilly, Treme, 7th Ward, Tulane/Gravier, Broadmoor, Central City, Hoffman Triangle. CLT homes in Central City and Broadmoor.

How do you apply?

Applications for People's Housing+ Community Land Trust Homeownership Program go through People's Housing+ (PH+), 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 People's Housing+ (12-hour homebuyer training course; Financial Fitness & Workshops).

2. 2

   Contact People's Housing+ (PH+) to reserve funds

   Funds are reserved through Pre-sale model: PH+ identifies buyers and signs purchase contracts ~60 days before completion; lot selection by preference order when buyers exceed homes, 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.