Steps to Buy a RALT Home
prospective homebuyers
To qualify for homeownership through the Raleigh Area Land Trust, applicants must meet the following criteria eligibility criteria:
Must earn between Very Low (50%) to Low (80%) Income Limits set for Wake County, NC - see below.*
Plan to use the RALT home as your primary residence. No rentals/investors.**
Complete the following requirements:
Attend a Raleigh Area Land Trust info session
Financial Counseling provided by DHIC Homeownership Center
8-hour First-time Homebuyer Education Class (DHIC or from DHIC-approved providers)
1-Hour CLT Program Orientation (provided after initial eligibility screening)
Submit an application to determine eligibility and be placed on the waitlist for future homes.
Please refer to HUD for more information on Income Limits.
*Applicants earning below 50% may reach out to RALT staff about potential opportunities. Applicants earning above 80% are limited to buying unsubsidized property in our inventory. These properties will be marked as such. RALT currently does not have any unsubsidized properties.
**Subleases may be approved on a case-by-case basis.
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