HOW DOES CLT HOMEOWNERSHIP COMPARE TO RENTING?

CLT homeownership provides stability and security since CLT homeowners...

  • Have control of their housing

  • Have stable monthly housing payments

  • Have security from eviction, and the opportunity to earn both earned equity and market equity

  • Can take advantage of income tax deductions for their property taxes and the interest paid on their mortgage

HOW DOES CLT HOMEOWNERSHIP COMPARE TO
NON-CLT HOMEOWNERSHIP?

Similarities:

  • Mortgage with a bank

  • Accumulates earned equity

  • Accumulates market equity

  • Pays property tax

  • Can make alterations and improvements

  • Federal tax deduction

Differeneces:

  • Purchase price is lower

  • The CLT and the CLT homeowner enter into a long-term agreement to preserve the affordability of the CLT home

  • CLT resale formula

Comparing CLT Ownership to Other Types of Housing

See how CLT homeownership compares to renting a three-bedroom home and purchasing a home through non-CLT ownership over a seven-year period:

ABOUT US

Northwest Montana Community Land Trust, Inc. is committed to preserving the affordability of housing - one owner after another, one generation after another, in perpetuity.

CONTACT

406.240.4493

 

P.O. Box 9316 

Kalispell, MT 59904

 

nwmtclt@gmail.com

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©Copyright 2017 by Northwest Montana Community Land Trust, Inc.