The City of Lakes Community Land Trust (CLCLT) is a non-profit organization celebrating our 20th anniversary 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."
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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