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.

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. Homebuyer 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.

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.

People's Housing+ Community Land Trust Homeownership Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Not published; buyer must qualify for a first mortgage (PH+ assists pre-qualification). A homebuyer education course is required, through People's Housing+ (12-hour homebuyer training course; Financial Fitness & Workshops). Residency requirement: Occupy as primary residence minimum 3 years (varies by income/subsidy). Must qualify for a first mortgage; occupy as primary residence min 3 years (varies by subsidy); contribute >=1% down (veterans may get no-down financing); complete 12-hour homebuyer training; maintain liability/flood/termite insurance; sign CLT ground lease with resale restrictions. Orleans Parish only. Loan term/rate type not published. Two differing 2025 80% AMI charts on site (4-person $70,880 vs $71,850). Min credit score not published.

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.

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.

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.

People's Housing+ Community Land Trust Homeownership Program serves homebuyers 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.

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. 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. 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.