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Cape Fear Community Land Trust Affordable Homeownership Program

Cape Fear Community Land Trust, Inc. · Wilmington, North Carolina

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See what you qualify forOfficial program site →
Income limit

80% AMI

Of area median income; varies by county and household size

What is Cape Fear Community Land Trust Affordable Homeownership Program?

Cape Fear Community Land Trust Affordable Homeownership Program is down payment assistance for homebuyers in Wilmington, North Carolina, administered by Cape Fear Community Land Trust, Inc.

  • Funding comes from CRA funding; private donations; local general fund.

Do you have to pay it back?

Cape Fear Community Land Trust Affordable Homeownership Program is down payment assistance and is repaid under the terms set by Cape Fear Community Land Trust, Inc..

  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Cape Fear Community Land Trust Affordable Homeownership Program sets its eligibility rules through Cape Fear Community Land Trust, Inc., and does not restrict applicants to first-time buyers.

The program requires

  • A completed homebuyer education course
  • Community Land Trust model: buyer purchases home at below-market price and leases the land via a ground lease from CFCLT. CHDO-designated nonprofit. Website notes 'under construction' — specific DPA amounts not publicly confirmed; review needed. 9 land lease properties and 12 home sales completed. Contact: 910-218-0022, 221 North Front Street Ste 204, Wilmington NC 28401.

The program excludes

  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Cape Fear Community Land Trust Affordable Homeownership Program limits household income to 80% of the area median income, which varies by county and household size.

  • Primarily serves working families; income eligibility based on below-market pricing (typically under 80% AMI).
  • 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?

Cape Fear Community Land Trust Affordable Homeownership Program can be used for single_family.

Where does it apply?

Cape Fear Community Land Trust Affordable Homeownership Program serves buyers purchasing in Wilmington, North Carolina.

How do you apply?

Applications for Cape Fear Community Land Trust Affordable Homeownership Program go through Cape Fear Community Land Trust, Inc., which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program before funds are reserved.

  2. Contact Cape Fear Community Land Trust, Inc. to reserve funds

    Funds are reserved with the provider and are subject to availability.

  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.

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