Community Land Trust
Building wealth through shared equity in affordable homes.
A community land trust (CLT) is a shared equity homeownership model, which helps ensure that homes remain affordable permanently. When you sell your home, you agree to list it at a restricted price and share equity from the sale with the CLT. This allows you to build wealth and keeps the home affordable for the next homebuyer.

In 2019, the City of Tallahassee and Leon County Board of County Commissioners entered into an agreement with the Tallahassee Lenders’ Consortium to lead the local CLT. The purpose of the CLT is to acquire and/or develop single-family and multi-family affordable housing for qualified residents.

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What is a Community Land Trust (CLT)?

Community Land Trusts (CLT) are non-profit organizations that provide long-lasting community assets and shared equity homeownership opportunities. They undertake various projects such as agriculture, commercial spaces, affordable housing, and conservation. However, their primary focus is creating homes that remain permanently affordable for lower-income families.

Do I own the land?
No. The Community Land Trust retains ownership of the land to ensure that the house remains affordable. The ground lease agreement is the key document that binds the land and the house together. It is the legally enforceable way to ensure program requirements are met. This document follows the “pay-it-forward” approach, enabling the home’s affordability to be maintained for the community and future buyers. It secures modest equity for you when you sell the property and mandates that the home remains your primary residence while you own it.

Most importantly, you are responsible for the land and have the right to landscape and engage in all typical home-owner activities. This is your home—you get to enjoy all the security, control, tax advantages, and equity-building opportunities of homeownership.

Can I leave my home to my children?
Yes. Imagine being able to live in your dream home for the rest of your life and then passing on this legacy to your children and their children for generations to come. With your ground lease secured for an incredible 99 years, you can do just that. Renewable and inheritable, your ground lease ensures that your home and right to use the land will remain in your family for decades, even centuries. So, rest easy knowing that your home will continue to be a cherished family heirloom for generations to come.
What is the ground lease fee?
Homeowners are required to pay a nominal monthly fee ranging from $20 to $30 for the ground lease, which supports our organizational efforts and facilitates the continuation of our non-profit work.
Can I sell my CLT home?
You can sell your home to any income-qualified homebuyer. While Tallahassee Lenders’ Consortium can assist in selling your home, you are also welcome to find a buyer, even if it’s a friend or relative.
When I sell, how is the price determined?
Your home’s selling price is based on your initial investment, including mortgage, down payment, and closing costs, and increases over time with your share of the equity in the home.
How can I purchase a Community Land Trust home?
Call 850-222-6609 to join the CLT Interested Buyer List and receive further instructions.