We Have Our First Under-Contract Community Land Trust Home!

One of the Beachwood homes!

Just about one week after listing the Beyond Housing Community Land Trust homes, we already have one under contract!  What a wonderful sign of things to come! Honestly, though, these houses are great. Not only are they bright and breezy, but the buyer is GUARANTEED equity-not many people can say that about their home.

Only 2% down payment is required and in-house financing makes homeownership more attainable than ever before. 10 new homes line this street near the new Barack Obama Elementary School, creating a fantastic sense of community. The 24:1 Community Land Trust is dedicated to expanding opportunity, strengthening community, and empowering future generations by providing permanently affordable homes in the 24 communities that make up the Normandy School District.  By offering a smart, low-risk path to homeownership, the 24:1 CLT bridges the gap between dream and reality for homebuyers. Conventional and even FHA guidelines make it difficult to obtain an affordable mortgage.  The 24:1 CLT helps to lower these barriers by offering financing, thereby empowering individuals and families to purchase and own their homes; ultimately gaining access to greater security, more stability, and the financial tools necessary to build wealth.

For many people around St. Louis, realizing their dream of homeownership can seem like an impossible challenge.  Despite the recent drop in home prices, the gap between dream and reality just keeps growing. If you want to purchase your own home but housing prices seem out of reach, the 24:1 Community Land Trust may be able to help. For every year you live in the home, you will be guaranteed a 1.5% return on your investment, based upon purchase price, GUARANTEED!  Income Guidelines and Certain Restrictions apply. You can see those guidelines on our older blog post here.