Pima County Community Land Trust

Project Description

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.
 
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