Grants directory
Community Land Trust
City of Tallahassee, Neighborhood Services · City program
Down payment assistance may be available; no fixed amount stated.
The City’s Community Land Trust program helps keep homes affordable by separating ownership of the land and the house. Eligible buyers can also receive down payment assistance.
Program details
How it works
Tallahassee launched its first Community Land Trust (CLT) in March 2020 in partnership with Leon County and the Tallahassee Lenders’ Consortium. The page explains that a CLT is a nonprofit entity governed by community stakeholders that can build and preserve affordable housing and help stabilize neighborhoods by reducing the negative impacts of gentrification.
What the model does
In a traditional sale, the owner owns the building and the land. Under the CLT model, the land is leased and only the house is sold to low- to moderate-income buyers. Homeowners can earn a portion of the equity and later buy a market-rate home, while the CLT keeps the home affordable for the next owner.
Additional assistance
Down payment assistance is also available for eligible buyers.
Contact
The page directs buyers to call the Tallahassee Lenders’ Consortium for more information.
Full eligibility details
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