CLT Continues to Sell Homes

The Cannon River Community Land Trust (CRCLT) has sold three of the twinhome units that it purchased from the Northfield Housing and Redevelopment Authority in February 2007.  In addition to the one remaining twinhome at 400 Bunker Drive, the CRCLT has repurchased a CLT single-family home at 1905 Wilcox Blvd. from the homeowners for resale in the Community Land Trust Program.  The homeowners decided to move and purchase a home in the private market.  This demonstrates that the Community Land Trust Program is working as designed by allowing persons or families to move into homeownership at an affordable price and build equity for later use in moving up in the housing market.