Who we Are
Since 2006, the Diamond State Community Land Trust (DSCLT) has been redefining the way people think about homeownership by providing an innovative model that supports hardworking families while ensuring long-term affordability. Using the community land trust (CLT) approach, DSCLT removes the land from the speculative market and sells the home on that land to income-qualified buyers. A 99-year ground lease clearly outlines the rights and responsibilities of both the homeowner and DSCLT, giving the homeowner exclusive rights to the land.
Another key component of the lease is a resale formula that allows homeowners to share the equity gained and future buyers. The resale formula allows the seller to retain the equity they have invested in the home, along with a small portion of any increase in the value of the home. This allows the seller a fair return while giving the buyer access to a home at an affordable price.
​
Unlike traditionally funded affordable housing models, where the subsidy to reduce the cost of the home's development is eventually lost or forgiven, the home equity doesn't flow back to the DSCLT nor is it lost - it stays, with the home, protecting the initial investment of private, local, state, and federal funds. This ensures that every dollar of investment is preserving affordability for generations.
​
Beyond affordability, this model fosters strong relationships between DSCLT and homeowners through its stewardship program. This initiative offers crucial support, including foreclosure prevention during financial hardships, assistance with finding resources for home repairs, and guidance on any challenges arising during homeownership. Not all homeowners need this support, but for those who do, it is a lifeline.
