The mission of the Lincoln Community Land Trust
is to provide permanently affordable homeownership
for working individuals and families within Lincoln County.
_____________________________________

 

Diane Linn, Executive Director, Proud Ground
(503) 493-0293 x16

dianelinn@proudground.org

5288 N Interstate Ave, Portland, OR 97217

 

In December 2014, Lincoln Community Land Trust established a contract with Proud Ground to provide operational management support to LCLT and to facilitate the process of adding more permanently homeownership opportunities for Lincoln County working families. Please contact Proud Ground for more information on Lincoln CLT. Please visit www.proudground.org for more information about Proud Ground.

Lincoln Community Land Trust
c/o Proud Ground
5288 N Interstate Ave
Portland, OR 97217
 

The Lincoln Community Land Trust (LCLT) makes homes available to hard working individuals and families of Lincoln County who deserve the option of homeownership. Homeownership can offer a chance to build equity, become more financially stable, build credit, grant freedom to improve your own home and property, become rooted in a neighborhood and invest in its people, help build a more secure environment for children, and even provide an inheritance for family or heirs.

A community land trust home benefits the community by making one more affordable home available from one generation to another to enjoy. It lasts because the homeowner, in return for the below market home price and affordable mortgage payments, agrees that when ready to sell their home they give the next home buyer the same opportunity to buy the home at a rate that is affordable.

Community land trust homes across the nation also make homeownership a reality for those ready for homeownership but have insufficient income or difficulty finding a mortgage to purchase a traditional market rate home. Community land trust homes can act as a bridge between rent and traditional home ownership. On average in the United States, 70% of community land trust home owners eventually go on to purchase traditional market rate homes.

What is a Community Land Trust?

A Community Land Trust is a nonprofit organization that works with the community to give people access to properties and places that would otherwise be out of reach. Most often it is homes but can also be community gardens, commercial space, or parks. The Community Land Trust understands that people often need help in homeownership and guides them through buying, maintaining, and reselling the home. Each homeowner has the unique chance of helping guide the organization and its work in the community.

What Makes a Community Land Trust So Different from Others?

The LCLT keeps home prices low and affordable from one generation to the next by keeping the land in trust. That means holding and never selling the land. While the home is sold and the homeowner has the deed (right of ownership) to the home. Only the land is owned (deeded) by the community land trust. By removing land from the sale of the home, the price can be low enough to be affordable.
Understandably, because the homeowner uses the land but doesn’t own it, the land remains available to the homeowner through a lease agreement. This lease is for 99 years and then can be renewed. The community land trust generally retains an option to repurchase the homes at resale at an agreed on price, that gives the homeowner selling the home a fair return on investment, and the home remains affordable to the next buyer.
 

 


 

 

 

 

 

 

 

 



1200 sf., 3 BD/2BA home plus attached finished garage built in 2013. Home is a leader in energy efficiency with Earth Advantage Gold rating. Home is also modified for ADA compliance on hallway and doorways, and features built in for bathroom and kitchen accessibility.


 

 

 

 

 

 

 

 

 

 

 

Lincoln City Oregon - $145,000 - Sold!

 

2015 Annual Income Limits by Family Size

 

Become a Member of the Lincoln Community Land Trust

Please consider joining the LCLT to make affordable homeownership available to working individuals and families across Lincoln County. Membership is one of the outstanding and unique characteristics of a community land trusts. Members have a voice in the election of Board members, the use of land, and the resale formula used to keep trust homes affordable from one generation to the next. Members can serve as Board members and officers. And members get to stay involved in efforts to address workforce housing in Lincoln County.

Click here to download a membership application.

Links and Information

2015 LCLT Board of Directors


Lincoln Community Land Trust in the News:

Land Trust Cuts Ribbon on Third House – Oregon Opportunity Network - May 1, 2013
Land Trust Opens Second Affordable Home - Newport News Times - November 1, 2012
Lincoln Community Land Trust builds momentum with two additional homes – The News Guard - October 18, 2012
Land Trust creates first homeowners (PDF) – The News Guard - August 8, 2012
Affordable Housing in Lincoln City; Good Business – News Lincoln County - June 12, 2012
Building a Foundation for Affordable Housing - The News Guard - January 31, 2012
Coast Trust Tries to Turn Tide on Home Prices (PDF) - The Oregonian - September 28, 2010
Making a Start (PDF) - The News Guard - July 27, 2010

Oregon Community Land Trusts:

Proud Ground (Portland): http://www.proudground.org/
NeahCasa (Nehalem Bay): http://www.neahcasa.org/index.htm

Community Land Trust Resources:

National Community Land Trust Coalition: http://www.cltnetwork.org/
Northwest Community Land Trust Coalition: www.nwcltc.org
Burlington Associates: http://burlingtonassociates.com/

Lincoln County Housing Partners:

Lincoln County 10-Year Plan
Housing Authority of Lincoln County: http://www.halc.info/
Community Development Corporation of Lincoln County: http://www.lincolncdc.org/
Community Services Consortium: http://www.communityservices.us/
Community Housing Services of Linn, Benton, and Lincoln Counties (Regional Housing Center): http://www.communityservices.us/lblrhc.htm
Habitat for Humanity (Lincoln County Affiliate): http://www.hfhlc.org/
Confederated Tribe of Siletz Indians: http://www.ctsi.nsn.us/
Central Coast Economic Development Alliance: http://www.coastbusiness.info/