Lincoln Community Land Trust

The mission of the Lincoln Community Land Trust is

to provide permanently affordable homeownership

for working individuals and families within Lincoln County.

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541-758-2761

Benjamin Baggett, Executive Director

The Lincoln Community Land Trust (LCLT) is currently the only entity focused on long-term stewardship of affordable ownership housing in Lincoln County outside of tribal land. The LCLT fills a gap in the housing effort locally between affordable rental housing and market-rate homeownership.

This offers an outlet for working individuals and families who are ready for homeownership, but don’t have enough income to purchase a market-rate home. In addition it offers a potential ladder to market-rate ownership for first-time homebuyers for whom ownership is currently beyond reach.

What is a Community Land Trust (CLT)?

A CLT is a nonprofit, community-based corporation committed to the stewardship and affordability of land housing and other buildings used for community benefit in perpetuity. Most CLTs target their programs and resources toward charitable activities like redeveloping blighted neighborhoods, open space or providing housing for lower-income people.

What does a Community Land Trust do?

	Acquires and retains land in trust for the community and never sells it.
	Provides a very long-term lease of land, typically 99 years, for the exclusive use by individual homeowners, cooperative housing corporation(s), nonprofit developers, and other entities.
	Offers a deed (right of ownership) for the building or structure on trust land.
	Generally retains an option to repurchase these buildings upon subsequent resale of property at a price, which is lower than the building’s market value, but gives the seller a fair return on investment.

What are the Goals of the Lincoln Community Land Trust?

To build or renovate homes in Lincoln County for sale at prices that will remain affordable to working individuals and families with low and moderate incomes.
To use public and private resources responsibly to bring home prices within reach for working individuals and families.
To restrict the resale price of LCLT homes in order to ensure they remain affordable for future buyers.To provide homes that are characterized by quality, attractiveness, and sustainability in development and operation so they are considered an asset by all communities within Lincoln County.

Prepare for Homeownership

Home Buying 101: This hour and a half workshop focuses on prospective homebuyers and helps them to de-termine if now is the right time for them to buy.

Homebuyer Workshop: This eight hour workshop helps prospective homebuyers learn how to successfully navigate the home buying process. Students learn how to search for and evaluate homes, work with housing industry professionals and gain knowledge and confidence with the home purchase process. Students receive a certificate at the end of class that helps them to qualify for a number of assistance programs and tax credits.

Financial Fitness: Learn how to confidently manage your money by getting financially fit! This class is for potential homebuyers and those wanting to take control of their financial health. Students will learn how to use the services and products of financial institutions such as banks, credit unions and savings and loans. In addition, they will work to create and implement a spending plan, use credit and borrow money responsibly, as well as protect their financial rights and safeguard their money!

Click here to view schedule of free Homebuyer Classes

What can I do to help?

Please consider joining the LCLT in efforts to provide permanently affordable homeownership for working individuals and families within Lincoln County. Membership is one of the unique characteristics of community land trusts. Members have a voice in the election of Board members, the use of land, and the resale formula used to keep trust homes perpetually affordable. Members can serve as Board members and officers. And members get to stay involved in efforts to address workforce housing in Lincoln County.

Click here to download a membership application.

Links:

Oregon Community Land Trusts

Proud Ground (Portland)

http://www.proudground.org/

Clackamas Community Land Trust (Clackamas County)

http://www.clackamasclt.org/

NeahCasa (Nehalem Bay)

http://www.neahcasa.org/index.htm

Rogue Valley Community Development Corporation (Jackson County)

http://www.roguevalleycdc.org/Index.asp

Ashland Community Land Trust (Ashland)