hey prescott.
See what you qualify for

The Housing Fund Community Land Trust

The Housing Fund (CDFI), in partnership with the Metropolitan Housing Trust Fund Commission · Nashville, Tennessee

Last verified
See what you qualify forOfficial program site →
Income limit

80% AMI

Of area median income; varies by county and household size

What is The Housing Fund Community Land Trust?

The Housing Fund Community Land Trust is down payment assistance for homebuyers in Nashville, Tennessee, administered by The Housing Fund (CDFI), in partnership with the Metropolitan Housing Trust Fund Commission.

  • Nashville's first city-wide Community Land Trust providing permanently affordable homeownership in Nashville-Davidson County. THF owns the land and sells the home (with a 99-year ground lease), separating land value from home value to lower the purchase price for limited-income first-time buyers.
  • Permanently affordable home purchase; land owned by the CLT lowers the buyer's price and monthly payment (buyer pays a nominal ground lease).
  • Funding comes from The Housing Fund / Metropolitan (Barnes) Housing Trust Fund Commission.

Do you have to pay it back?

The Housing Fund Community Land Trust is down payment assistance and is repaid under the terms set by The Housing Fund (CDFI), in partnership with the Metropolitan Housing Trust Fund Commission.

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

Who qualifies?

The Housing Fund Community Land Trust 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: Credit in good standing (no specific numeric minimum published).
  • A completed homebuyer education course, through Homebuyer-education course plus a financial-counseling session.
  • Residency: Property located in Nashville-Davidson County.
  • $600 processing fee at closing. THF maintains a first-come, first-served list of prequalified applicants. Buyer must be mortgage-ready (pre-approved with a first-mortgage lender) and have credit in good standing. Resale restricted to qualified limited-income buyers under the ground lease.

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?

The Housing Fund Community Land Trust limits household income to 80% of the area median income, which varies by county and household size.

  • Annual income at or below 80% of the Nashville Area Median Income (table shown as image on page, by household size).
  • 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.

Where does it apply?

The Housing Fund Community Land Trust serves buyers purchasing in Nashville, Tennessee.

How do you apply?

Applications for The Housing Fund Community Land Trust go through The Housing Fund (CDFI), in partnership with the Metropolitan Housing Trust Fund Commission, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through Homebuyer-education course plus a financial-counseling session..

  2. Contact The Housing Fund (CDFI), in partnership with the Metropolitan Housing Trust Fund Commission 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.

Other programs in Nashville, Tennessee

See every program in Nashville, Tennessee →

90-second match

Not sure which you qualify for?

Answer 9 questions and we'll match you to every program you can actually use — in about 90 seconds. No SSN, no credit pull.

Find my programs