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Church Community Housing Corporation Community Land Trust Homeownership Program

Church Community Housing Corporation (CCHC) · Newport, Rhode Island

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Repayment

Shared appreciation

Settled on the terms set by Church Community Housing Corporation (CCHC)

What is Church Community Housing Corporation Community Land Trust Homeownership Program?

Church Community Housing Corporation Community Land Trust Homeownership Program is a shared-appreciation loan for homebuyers in Newport, Rhode Island, administered by Church Community Housing Corporation (CCHC).

  • Church Community Housing Corporation, a nonprofit founded in 1969 serving Newport County, RI, creates permanently affordable homeownership through a Community Land Trust (CLT) model. CCHC sells the home to an income-qualified buyer while retaining ownership of the underlying land, which lowers the purchase price and keeps the home affordable for future low-to-moderate-income families. CLT homes are available exclusively to graduates of CCHC's first-time homebuyer training course, and a long-term ground lease with resale restrictions preserves affordability across generations.
  • Below-market purchase price via land trust.
  • Permanently affordable homeownership.
  • Mandatory homebuyer education and one-on-one budget/credit counseling.
  • Ground-lease support.
  • Funding comes from Church Community Housing Corporation (nonprofit CDC) land trust.

Do you have to pay it back?

Church Community Housing Corporation Community Land Trust Homeownership Program is a shared-appreciation loan and is repaid under the terms set by Church Community Housing Corporation (CCHC).

  • Repayment is triggered by Resale of the home is governed by the CLT ground lease, which caps the resale price (limited equity) so the home remains affordable to the next income-qualified buyer; the land trust retains ownership of the land.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Church Community Housing Corporation Community Land Trust Homeownership Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • On credit: Not published; buyers must qualify for a mortgage. Credit reviewed one-on-one during required homebuyer training.
  • A completed homebuyer education course, through CCHC homebuyer training (online via Zoom); includes one-on-one appointments with the Homebuyer Trainer to build a household budget and review credit. Register with Aubrey Collins, (401) 846-5114 ext. 111.
  • DRAFT (dpa-gap-finder 2026-06-15): pending review. This is a Community Land Trust (limited-equity) homeownership program, NOT a cash down payment assistance grant or loan. Affordability comes from CCHC retaining the land and a resale-restricted ground lease. Completion of CCHC's homebuyer training is mandatory; CLT homes are exclusively available to course graduates. UNCONFIRMED on the official site: exact income limits / %AMI, max purchase price, minimum credit score, DTI, and lien position; verify directly with CCHC at (401) 846-5114.

The program excludes

  • Manufactured homes

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?

Church Community Housing Corporation Community Land Trust Homeownership Program sets its income limit as follows: Restricted to low- and moderate-income households; CCHC guarantees future buyers are low-to-moderate-income. Specific income limits/AMI percentage are not published on the official site and vary by funding source and individual development.

  • 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?

Church Community Housing Corporation Community Land Trust Homeownership Program caps the purchase price as follows: Purchase price is reduced because CCHC retains the land; specific price by home/development not published online.

  • Eligible property types include Single Family and Condo.
  • New construction is eligible.
  • Manufactured homes are not eligible.

Where does it apply?

Church Community Housing Corporation Community Land Trust Homeownership Program serves buyers purchasing in Newport, Rhode Island.

How do you apply?

Applications for Church Community Housing Corporation Community Land Trust Homeownership Program go through Church Community Housing Corporation (CCHC), which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through CCHC homebuyer training (online via Zoom); includes one-on-one appointments with the Homebuyer Trainer to build a household budget and review credit. Register with Aubrey Collins, (401) 846-5114 ext. 111..

  2. Contact Church Community Housing Corporation (CCHC) to reserve funds

    Funds are reserved through Contact CCHC; CLT homes available only to graduates of CCHC's homebuyer training, 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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