We expand affordable homeownership opportunities for families with low to moderate incomes so that they are able to live or remain in the communities of their choice.
Our Vision
Increased affordable housing opportunities for first-time homebuyers in Raleigh and Wake County using the Community Land Trust model. Our investments protect neighborhoods from the affordable housing crisis by ensuring working families can afford to live in their community and by keeping homes in their community affordable for generations to come.
The Community Land Trust Model (CLT) is built to serve as a long-term steward of land to protect affordability and access to housing in perpetuity.
The Raleigh Area Land Trust serves low- to moderate-income adults and families (60-80% AMI) living in Raleigh and Wake County and more specifically areas affected most by displacement such as southeast Raleigh.
In 2018 alone, Raleigh saw the median home price jump by 5.4% to $303,000. The Raleigh Area Land Trust plans to lower the cost of homes for sale in its portfolio through stipends, opening the door for new homeowners in Raleigh and Wake County.
Out of Wake County’s 1 million residents, nearly 43,000 spend more than 50% of their income on housing and nearly one in four pays more than 30%. Housing is defined as affordable if a family pays no more than 30% of their income on housing and utilities. We want to offer another option for affordable homeownership—permanently.
Research shows homeownership imparts a variety of positive individual, family, neighborhood, and community impacts—especially in low- to moderate- income families. We want to offer more opportunities across our communities in Raleigh and Wake County.
See below on ways to stay engaged & support our mission of permanent affordable housing.
We make homes affordable by supplying subsidies to each homeowner. Your contribution helps us make homeownership a reality for more individuals and families.
