This new moderate-income Land Trust home has three bedrooms and 2 baths, two car garage and is four blocks from Lake Tahoe. Land for the home was donated to SJCLT by the South Lake Tahoe Redevelopment Agency.

  

 

 

Saint Joseph Community Land Trust has purchased and modernized the Sierra Garden Apartments located in South Lake Tahoe.

Saint Joseph Community Land Trust

Saint Joseph Community Land Trust (SJCLT), a 501(C)(3) non-profit organization, was founded in 2002 in response to the rising housing costs and the negative impacts of these costs to the broad social fabric, well being, and sustainability of communities around Lake Tahoe. SJCLT's mission is to improve the quality of life for individuals and families who cannot otherwise afford housing by acquiring real estate and developing programs to benefit communities in the Lake Tahoe Basin.

The Community Land Trust Model

A community land trust is a local nonprofit organization created to hold land for the benefit of a community an its residents. Leaseholders must use the land in an environmentally and socially responsible manner. The buildings remain permanently affordable through resale provisions that balance a fair return on investment with future affordability.

Land Trust vs. Conventional Homeownership

The SAME...

  • The homeowner obtains a mortgage with a lending institution

  • The homeowner accumulates equity

  • The home can be inherited by the homeowner's children or heirs

  • The homeowner pays property taxes

The DIFFERENCE...

  • The purchase price is below market rate

  • The Land Trust owns the land, and homeowners lease it for a nominal fee

  • The resale formula ensures that the home will remain affordable when it is sold in the future

Accomplishments:

  • Owner of the largest affordable rental apartments in South Lake Tahoe

  • Only bi-state Community Land Trust serving California & Nevada in the Lake Tahoe Basin

  • Hike for Housing Fundraiser (Partnership with Habitat for Humanity)

  • Member of Parasol Community Collaboration

  • Providing Community Training in:

    Homebuyer Education

    FBI Identity Theft Prevention

Memberships

$25 Individual Member

$100 Small Business/Non-Profit

$1000 Good Neighbor

$2500 Friends of Affordable Housing

$5000 Presidents Club

 

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