Wilmington Community Land Trust Homeownership

Wilmington Community Land Trust

Waitlist Down Payment

About This Program

Community land trust model offering permanently affordable homeownership in Wilmington. Homebuyers purchase the home but lease the land, keeping prices affordable. Resale formula ensures affordability for future buyers.

Purchase price 30-50% below market rate; typical savings $75,000-$125,000

Key Details

  • Permanently affordable homeownership opportunity
  • Purchase price 30-50% below market rate
  • Income at or below 80% AMI
  • Buyer owns home, leases land from trust
  • Join waiting list for available homes

How to Apply

Deadline: Homes available periodically; join waiting list

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