Frequently Asked Questions
A Community Land Trust (CLT) is characterized as being a non-profit corporation with its purpose defined as developing and stewarding affordable housing, community spaces such as gardens, and other community assets on the behalf of and for the good of the community it serves. Here's a little more information about CLTs:
- CLTs are classified as tax-exempt and non-profits who receive 501(c)(3) designation from the IRS.
- CLTs are focused on the continuous active acquisition of land and development, not on one single project located on one single parcel of land. CLTs are committed to this goal to work on expanding the supply of affordable housing under the CLT's stewardship
- The CLT operates within the targeting boundaries of its locale (in our case that is Jefferson and Clallam Counties). Any adult who resides in the targeted local is able to become a voting member of the CLT following membership guidelines.
- CLTs are usually run by a board of directors whose members include three groups of stakeholders: residents or leaseholders, people who reside within its targeted community but do not live on its land, and lastly the broader public interest. This third group is made up of government officials, funders, housing agencies, and social service providers. Organization bylaws may designate each of these groups a specific and equal number of seats, and they may be elected separately by their constituent groups.
- CLTs offer dual ownership of land and resources. It’s intended that land be owned by the trust forever in perpetuity. Any building already located on the land or later constructed on the land can be held by the CLT or sold off to an individual homeowner, a cooperative housing corporation, a nonprofit developer of rental housing, or some other nonprofit, governmental, or for-profit entity
- The CLT does not disappear once a building is sold. As owner of the underlying land and as owner of an option to repurchase any buildings located on its land, the CLT has an abiding interest in what happens to the structures and to the people who occupy them. The ground lease requires owner-occupancy and responsible use of the premises. Should buildings become a hazard, the ground lease gives the CLT the right to step in and force repairs. Should property owners default on their mortgages, the ground lease gives the CLT the right to step in and cure the default, forestalling foreclosure. The CLT remains a party to the deal, safeguarding the structural integrity of the buildings and the residential security of the occupants.
- The CLT retains an option to repurchase any residential (or commercial) structures on its land if their owners ever choose to sell. The resale price is set by a formula contained in the ground lease that is designed to give present homeowners a fair return on their investment but giving future homebuyers fair access to housing at an affordable price. By design and by intent, the CLT is committed to preserving the affordability of housing (and other structures), one owner after another, one generation after another, in perpetuity.
- Although CLTs intend never to resell their land, they can provide for the exclusive use of their land by the owners of any buildings located thereon. Exclusive use of parcels of land can be conveyed to individual homeowners or to the owners of other types of residential or commercial structures by long-term ground leases. The two-party contract between the landowner (the CLT) and a building's owner protects the owner's interests in security, privacy, legacy, and equity and enforces the CLT's interests in preserving the appropriate use, the structural integrity and the continuing affordability of any buildings on its land.
Donations are spent in several different ways. Currently, Homeward Bound's operating expenses are low thanks to the hard work of volunteers. While we don't currently have paid staff, Homeward Bound will eventually employ someone to take care of administrative business. Also, project managers or executive directors may be hired for future projects. The Homeward Bound Trustees are dedicated to moving the organization forward in a fiscally responsible way. The goal is to put as much money into housing as we can.
Currently, Homeward Bound is not accepting applications because we have no available homes or rentals. We will post information on how to apply for our units as soon as we have some to offer! Follow us on Facebook to stay up to date on housing availability.
Homeward Bound homes are available to individuals and households who reside and work in Jefferson or Clallam counties. Household incomes are limited to 80% of the AMI (Area Median Income) for these counties, adjusted for family size (see tables below) Specific requirements and applications will be available when homes or rentals become available.
Jefferson County: 2017 Median Income for a Household of 4
|Household Size||1 PERSON||2||3||4|
|80% of Median||$35,700||$48,800||$45,900||$55,050|
Clallam County: 2017 Median Income for a Household of 4
|Household Size||1 PERSON||2||3||4|
|80% of Median||$34,900||$39,900||$44,900||$49,850|
We're still getting ramped up to be able to effectively leverage volunteers, so the best way to help at the moment is to donate, and help raise awareness about Homeward Bound and our mission by telling your friends and neighbors about us. If you're interested in volunteering or helping in other ways, you can email firstname.lastname@example.org or fill out out our contact form. Also be sure and follow us on Facebook to keep up to date on the latest news and events.
Yes. the CLT model allows improvements to the land we hold in trust to be purchased, sold, and resold. This is made possible by a resale agreement established with CLT home buyers during the purchase process. If homeowners ever resell their home, the agreement ensures that they will sell it at an affordable rate that passes on the benefit to the another qualified buyer. This is a great feature because it allows low income folks to have secure housing and build equity through home-ownership, rather than paying rent and being at risk of displacement should their landlord choose to sell at market rate.
Yes, we'd love to! We are eager to educate the community about power of the Community Land Trust model for supporting a thriving community. If you would like to schedule a speaker from Homeward Bound CLT to come speak at an upcoming event, please contact us to ask for our speaker request form. This allows us to prepare properly for your specific event. You can also email us at email@example.com.
While this is technically something Homeward Bound could do, residents of Jefferson and Clallam Counties are incredibly lucky to already have established land trusts for agricultural and/or conservation purposes. The Jefferson Land Trust and North Olympic Land Trust are well-established entities with deep experience protecting land for agricultural and conservation use in our region. As a CLT, the unique benefit Homeward Bound Community Land Trust brings is our specific emphasis on holding land for affordable housing. In addition, Homeward Bound CLT also has the option to develop land for community-based economic development and resilience. We are eager to partner with the Jefferson Land Trust to address the housing and land access aspects that make up a resilient, localized food system.
We hope so! Since the CLT model allows us to pool community resources to build several small, economical homes at once, this makes good sense to us. This strategy has already been used by other nearby CLTs to develop innovative, energy-efficient designs that are affordable to people who would otherwise not be able to live in these kinds of homes. Another benefit of this approach is if the community is involved in the design and build phase, the experience is a great way for community members to learn how to build and repair energy efficient homes.
Homeward Bound CLT was founded to serve both counties, as communities across the Olympic Peninsula recognized the growing need for stable, permanently affordable housing. As the organization re-launches in 2021, we plan to focus our efforts in Jefferson County for an initial period of time, until there is sufficient organizational capacity to serve both counties.