City of Lakes Community Land Trust

A nonprofit organization

$1,240 raised by 11 donors

12% complete

$10,000 Goal

The City of Lakes Community Land Trust (CLCLT) is a non-profit organization investing in stabilizing communities by providing affordable and sustainable homeownership. Our model enables low-to-moderate-income individuals and families to purchase homes in Minneapolis who may not otherwise be able to experience home ownership.

The CLCLT:

  • Helps people achieve homeownership who may not otherwise be able to purchase a home.
  • Keeps homes affordable for future homeowners when or if a homeowner decides to sell.
  • Offers education and connection throughout homeownership.

CLCLT Facts:

  • CLCLT homeowners are 50% less likely to experience foreclosure.
  • A 3-year survey of CLCLT homeowners indicated that their post-purchase incomes have risen on average 25%.
  • In the same survey, CLCLT homeowners reported being more engaged in their communities and also reported that their children were doing better in school.
  • 51% of households served by the CLCLT are Communities of Color (City of Minneapolis: 13%).


In the words of one of our CLCLT homeowners, “It’s amazing how a stable place to live carries out into the rest of your life and makes it easier."

 

Organization Data

Summary

Organization name

City of Lakes Community Land Trust

other names

CLCLT

Tax id (EIN)

06-1665031

Categories

Children & Family Community Economic Development

BIPOC Led

BIPOC Led

Address

1930 Glenwood Avenue
Minneapolis, MN 55405

Phone

(612) 594-7150

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