How does PCLT help residents and communities?
PCLT provides access to land and homeownership for people who cannot afford what’s for sale on the housing market. PCLT homeownership provides greater housing security than renting. Benefits to a Land Trust Homeowner Homeownership at an affordable price Stable monthly payments Security from eviction Tax advantages Opportunity to build equity Opportunity to take a leadership role in the organization by serving on the board of directors or board committees Benefits to the Community Home-buying opportunities for neighborhood residents Preservation of affordable homes into the future despite rapidly escalating housing prices Opportunity for renters to become owners Wise use of tax dollars (public subsidy) In addition, PCLT helps buyers gain access to down-payment assistance and special financing Land trust homebuyers generally must be able to handle monthly mortgage payments and other costs, including home repairs as needed and reasonable lease fees for use of the land. In Portland’s curre
