CLT (Community Land Trust) and BMR (Below-Market Rate) Unit Sales

For Sellers

Verification of Buyer Qualification

In accordance with program requirements.  When there are multiple program requirements, we can establish a ‘waterfall’ of requirements when there is ambiguity or conflicts between multiple programs (such as between local, state, and/or federal funding programs) for example with DTI ratios, or which income calculation standard to use for AMI levels.

 

Full Service Listings

We can include specialized marketing efforts to comply with each organization’s or project’s Affirmatively Furthering Fair Housing Marketing Plans.

 

Re-sales of CLT / BMR Homes

We handle the sales of units when the homeowner of a restricted unit is ready to sell.




For Buyers

Full Buyer Representation

We bring unique expertise in helping buyers through the process of applying, qualifying, and closing multiple layers of financing and down payment assistance (when available).  We have been able to help buyers close on their homes even in the face of impossible odds (such as the bankruptcy of the lender originating their loans).




Rental Property Sales

For landlords seeking a smooth exit from the landlording business, or simply exiting a particular asset, but who want to ensure a smooth transition and stability for their tenants, NCLT Community Realty are experts in finding mission and values-aligned affordable housing providers who are in the market for such anti-displacement projects.

We work with sellers along a wide spectrum–from those seeking maximum fair market value, to those needing the tax benefits of a Bargain Sale, to those seeking to fully donate real estate to a non-profit provider of permanently affordable housing.

We can provide financial analyses for a variety of scenarios, which sellers can then discuss with their tax and accounting professionals. 

Note:  We do not provide tax, financial, or legal advice, but merely financial hypotheticals in service of sellers’ independent analysis.






Collective Ownership

Whether tenants banding together to acquire title your home, or a group of friends/family coming together to create something new, we have the expertise to help you find the right ownership structure and capital to realize your vision.

  • Tenancy-In-Common
  • Shared Ownership via LLC
  • Housing Cooperatives
  • Condo Conversion of rental property
  • Tenant Managed Rental Property

For project management or strategic design consulting services, Land + Liberty (link) provides complementary consulting with NCLT’s Community Realty. Services include: managing the subdivision process (DRE and local), referrals and managing vendors (legal, surveying, physical inspection certifications, etc.)