Elevation Community Land Trust: Home is Just the Beginning
By TIANA PATTERSON
Elevation Community Land Trust (ECLT) is different from your typical housing organization. It’s part of a movement born out of necessity. It’s driven by the simple belief that everyone deserves a shot at homeownership, regardless of historical barriers, including income, background, race, or ethnicity.. A Homegrown Solution Colorado desperately needs affordable homeownership options. Potential buyers face skyrocketing rents and a housing market seemingly out of reach. In 2017, ECLT entered the scene to bring the dream of homeownership within reach for low- to moderate-income families across Colorado. Drawing inspiration from successful models around the country, ECLT adopted the Community Land Trust (CLT) approach, a proven method for preserving affordability in perpetuity. The CLT Model in Action The CLT model means ECLT retains ownership of the land while selling homes at reduced prices to qualifying families (those at about 80% Area Median Income). This unique approach not only makes homeownership more accessible but also ensures that homes remain affordable for generations to come. By separating ownership of the land from the home, ECLT creates a pathway to ownership for families who might otherwise be priced out of the market. Moreover, our shared-equity model ensures that homeowners participate in market appreciation during their tenure, allowing them to build wealth and stability for the future.
(Photo: Elevation Community Land Trust)
A Range of Offerings At ECLT, we understand that finding the perfect home is a significant step toward achieving family stability and security. That’s why we offer diverse housing options through our property listings, catering to various preferences and needs. Whether you are looking for a cozy single-family home, a modern townhouse, or a convenient condominium, ECLT has something for everyone. Our properties are strategically located in neighborhoods with essential amenities such as schools, parks, and public transportation, ensuring that ECLT homeowners can thrive in their new homes. Below are a couple of our newest housing communities. To explore all of our available listings and recent housing developments, visit https://www.elevationclt.org/property-listings. Fully qualified applicants with ECLT can access our property listings on a waitlist basis, allowing you to find the perfect home that fits your needs
14 The Acumen
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