Low to Moderate Income Home Buyers
Through this program low-to-moderate income home buyers receive a 20% reduction in their mortgage, and a closing-cost grant to purchase a fully renovated home in Tucson. The total buyer contribution is $1,500. The Pima County Community Land Trust maintains ownership of the land and leases to the homeowner for $75/month. If homeowners move, they agree to sell their home to another low-to-moderate income qualified buyer; in return homeowners receive the amount they borrowed plus 25% of the amount it appreciated during the time they owned it.