First Homes Community Land Trust (CLT) Homeownership Program

First Homes Community Land Trust (CLT) Homeownership Program es un préstamo de plusvalía compartida para compradores de vivienda en Rochester, Minnesota, a cargo de First Homes Properties (an initiative of Rochester Area Foundation). First Homes is a Community Land Trust operating since 2000 across a 7-county area centered on Rochester, MN. First Homes subsidizes homes below market value and sells the structure (not the land) to buyers at or below 80% AMI, who sign a 99-year renewable ground lease ($25/month). At resale, the price is capped by a formula (Base Price + 50% of appreciation), preserving affordability for the next buyer while letting sellers keep 100% of earned equity and 50% of appreciation. 300+ homes are in the program. Below-market purchase price. Equity from mortgage paydown plus 50% of appreciation. 99-year renewable ground lease at $25/month. Typically no PMI. Access to MN Housing and First Homes Gap Loan DPA. Perpetual affordability via resale formula. Los fondos provienen de Private contributions, government grants, Rochester Area Foundation.

First Homes Community Land Trust (CLT) Homeownership Program es un préstamo de plusvalía compartida y se reembolsa según los términos que fija First Homes Properties (an initiative of Rochester Area Foundation). El reembolso se activa por Resale formula activates on sale; seller receives 100% of earned equity (mortgage paydown) plus 50% of market appreciation; remaining 50% stays in the home to preserve affordability. 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.

First Homes Community Land Trust (CLT) Homeownership Program 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 Three Rivers Community Action; Minnesota Homeownership Center (HOME); SEMMCHRA. In-person or online. Requisito de residencia: Must occupy the home at least 240 days/year per the ground lease. Buyers must purchase a home currently in the First Homes CLT inventory (not open-market). Ground lease required; owner-occupancy 240+ days/year; subleasing/short-term rentals prohibited without permission. Asset limit $50,000 (excl. retirement). Credit minimums set by lender. No published max purchase price (set by CLT formula).

First Homes Community Land Trust (CLT) Homeownership Program limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. At or below 80% AMI. Olmsted & Dodge Counties: $106,800 (6/1/2026); other 5 counties: $95,100. Asset limit $50,000 (excluding retirement accounts). 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.

First Homes Community Land Trust (CLT) Homeownership Program limita el precio de compra así: Homes priced by First Homes using the CLT resale formula (not open-market). No published maximum; price set by First Homes based on subsidy and formula. Los tipos de propiedad elegibles incluyen Single-Family Detached, Townhome y Condo. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

First Homes Community Land Trust (CLT) Homeownership Program atiende a compradores de vivienda que compran en Rochester, Minnesota.

Las solicitudes de First Homes Community Land Trust (CLT) Homeownership Program se tramitan a través de First Homes Properties (an initiative of Rochester Area Foundation), que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Registration form submitted to First Homes; staff contact applicants re: eligibility and available homes. 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.