SWMHP Partnership Community Land Trust

SWMHP Partnership Community Land Trust is a shared-appreciation loan for homebuyers in Blue Earth; Nicollet; Brown; Watonwan; Cottonwood; Jackson County, Minnesota, administered by Southwest Minnesota Housing Partnership (SWMHP). The Partnership Community Land Trust (PCLT), operated by Southwest Minnesota Housing Partnership, is a shared-equity homeownership program across southwest Minnesota. SWMHP builds or acquires a home and sells only the structure to an income-qualified buyer (generally at/below 60% AMI) while the trust retains the land under a 99-year ground lease, lowering the mortgage, down payment, and closing costs. A resale formula preserves long-term affordability. Removes land cost from mortgage. Reduced down payment and closing costs. Long-term affordability via 99-year ground lease. Pairs with DPA. Funding comes from Minnesota Housing, Greater Minnesota Housing Fund, Housing Partnership Network NMTC, local/philanthropic partners.

SWMHP Partnership Community Land Trust is a shared-appreciation loan and is repaid under the terms set by Southwest Minnesota Housing Partnership (SWMHP). Repayment is triggered by Resale formula on sale; land remains owned by the trust and leased via 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.

SWMHP Partnership Community Land Trust is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through Realizing the American Dream homebuyer education through SWMHP. Residency requirement: Homes within SWMHP's southwest Minnesota service area. Income generally at/below 60% AMI; complete Realizing the American Dream education; agree to CLT ground lease and resale formula; owner-occupy.

SWMHP Partnership Community Land Trust limits household income to 60% of the area median income, which varies by county and household size. Generally at/below 60% AMI (approx $43,200 for 2-person, $54,000 for 4-person, subject to change). 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.

SWMHP Partnership Community Land Trust can be used for Single Family. New construction is eligible.

SWMHP Partnership Community Land Trust serves homebuyers purchasing in Blue Earth; Nicollet; Brown; Watonwan; Cottonwood; Jackson County, Minnesota.

Applications for SWMHP Partnership Community Land Trust go through Southwest Minnesota Housing Partnership (SWMHP), which publishes the current terms and the application steps on its own site. Funds are reserved through Application-based; contact SWMHP for available CLT 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.