City of Lakes Community Land Trust Homebuyer Initiated Program (HIP)

City of Lakes Community Land Trust Homebuyer Initiated Program (HIP) es un préstamo de plusvalía compartida para compradores de vivienda en Minneapolis, Minnesota, a cargo de City of Lakes Community Land Trust (CLCLT). The City of Lakes Community Land Trust Homebuyer Initiated Program (HIP) is a buyer-driven, shared-equity program that lets income-eligible buyers select a home in Minneapolis and purchase it with a CLCLT affordability investment, plus a post-purchase deferred-maintenance/rehab investment (up to about $20,000 per buyer). The CLCLT retains ownership of the land via a 99-year ground lease, keeping the home permanently affordable. Households must earn less than 80% AMI at closing and use a CLT-friendly mortgage. Affordability investment increases buying power. Buyer chooses the home. Up to ~$20,000 post-purchase rehab assistance. Permanently affordable via CLT ground lease. Los fondos provienen de City of Minneapolis, Hennepin County, Metropolitan Council (LHIA), and other public/philanthropic affordable-housing funds.

City of Lakes Community Land Trust Homebuyer Initiated Program (HIP) es un préstamo de plusvalía compartida y se reembolsa según los términos que fija City of Lakes Community Land Trust (CLCLT). El reembolso se activa por Community land trust shared-equity model: land owned by the trust under a 99-year ground lease; resale price restricted per the ground lease/resale formula rather than a conventional repayable DPA loan. Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

City of Lakes Community Land Trust Homebuyer Initiated Program (HIP) está abierto a compradores de vivienda que vivirán en la vivienda como su residencia principal. Se requiere un curso de educación para compradores de vivienda, a través de CLCLT pre-purchase education / orientation; attorney review of resale terms required prior to closing. Requisito de residencia: Home must be located in Minneapolis. Shared-equity Community Land Trust model (not a conventional cash DPA loan): assistance delivered as a purchase-price affordability investment with a 99-year ground lease and resale restriction. Specific affordability-investment dollar amounts vary by home and are not fixed on the program page (rehab investment up to ~$20,000). Verified ACTIVE on official CLCLT site as of June 2026.

City of Lakes Community Land Trust Homebuyer Initiated Program (HIP) limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Household income must be less than 80% AMI at the time of CLCLT HIP closing (Minneapolis-St. Paul-Bloomington MSA). El límite se aplica al ingreso total del hogar, no solo al del prestatario. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

City of Lakes Community Land Trust Homebuyer Initiated Program (HIP) se puede usar para Single Family y Duplex.

City of Lakes Community Land Trust Homebuyer Initiated Program (HIP) atiende a compradores de vivienda que compran en Minneapolis, Minnesota. Vecindarios prioritarios: City of Minneapolis (citywide).

Las solicitudes de City of Lakes Community Land Trust Homebuyer Initiated Program (HIP) se tramitan a través de City of Lakes Community Land Trust (CLCLT), que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Buyer completes CLCLT application, attends orientation, obtains mortgage pre-approval through a CLT-friendly lender, then enrolls in HIP. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.