Community Land Trust & Inclusionary Housing Programs

It's challenging to create affordable housing in high-cost communities.

CPAH’s shared equity programs lower the cost of buying a home while also ensuring the community benefits from creating a stock of housing that will remain affordable forever.

Community Land Trust (CLT) Program

CPAH’s CLT program builds or acquires and rehabilitates homes in Highland Park, Lake Forest and Evanston. The homes are then sold to qualified low- and moderate-income households at affordable prices. The nonprofit organization retains ownership of the underlying land, which is leased to the homebuyer through a 99-year, renewable ground lease.

If the homebuyer later wants to sell their home, it is sold to another low- to moderate-income household or back to CPAH at a formula price designed to give the homeowner a fair share of appreciation, while still keeping the home affordable for the next buyer.

Shared equity programs help low- and moderate-income households become homeowners and build wealth from equity in their homes, while also ensuring the community’s investment to make the home affordable is preserved to help homebuyer after homebuyer long into the future.

Interested in purchasing a CLT home or learning more about the program? We invite you to attend an information session.

REGISTER FOR A CLASS

See Available CLT and Inclusionary Housing Program Homes.

For more information,  call 847.263.7478 ext 10 or jrosales@cpahousing.org.

Inclusionary Housing Programs

The cities of Highland Park, Lake Forest and Evanston adopted inclusionary housing ordinances that require developers to set aside a percentage of newly constructed units as affordable housing. CPAH assists in administering these programs through helping with marketing, determining homebuyer eligibility, managing waitlists, homebuyer education, facilitating sales and resales, post-purchase support and consultation services.

As with the CLT program, when the homeowner wants to sell their home, it is sold to another low- to moderate-income household at a formula price designed to give the homeowner a fair share of appreciation, while still keeping the home affordable for the next buyer.

Interested in purchasing a home through the inclusionary housing program or learning more about the program? We invite you to attend an information session.

REGISTER FOR A CLASS

See Available Inclusionary Housing Program and CLT Homes.

For more information, call 847.263.7478 ext 10 or jrosales@cpahousing.org.