Organization Details:

Homestead Community Land Trust

Homestead Community Land Trust (HCLT) is dedicated to drawing together our diverse communities to build and permanently preserve decent affordable housing in the places where we live and work.

Description:
HCLT partners with qualified low and moderate homebuyers, at or below 80 of area median income (AMI). HCLT brings public subsidy dollars to the table towards the purchase of a home in partnership with area government departments. HCLT holds title to the land beneath the home; the homebuyer holds title to and mortgage for the dwelling.
This way, HCLT appropriately manages the resale of the home to another qualified home buyer in the same AMI bracket. The buyer, in exchange for this subsidy assistance agrees to sell their home for a limited equity to a pre-qualified buyer. The seller realizes a small equity gain depending upon market conditions, and is able to purchase a home at a reduced price, thus being more affordable to working families.
HCLT stewards the use of these public dollars over the lifetime of the dwelling, so that this one-time subsidy is leveraged many times over, benefiting many families.

History:
Homestead Community Land Trust (“HCLT”) is a membership-based 501(c)(3) nonprofit that creates and preserves lasting and sustainable affordable housing in Seattle and King County.

HCLT was Incorporated in 1992, as a Washington State non-profit; a 501 (c) 3. The EIN number is 91-1565651. HCLT is also a Seattle designated Community Housing Development Organization.

HCLT has a governing Board of Directors of 12, and a current membership of 350.

Contact people:

Rebecca Lane, Development & Communications Director, (phone), (email) Sheldon Cooper, Executive Director, (phone), (email) Simon Ellis, Office Administrator, (phone), (email)

Main office number: (206) 323-1227
Office fax number: (206) 588-0253

Address:

2524 16th Ave S Suite 300 Seattle, WA 98144 (See a map)

Web Site: http://www.homesteadclt.org

Directions:

HCLT is located in the historic El Centro de La Raza building on North Beacon Hill. We are on block east of Beacon Avenue, and two blocks south of College Way. Please call for directions from a specific location.   Nearest Bus Stop: route 36; stop across from the Red Apple on Beacon AVe, 2 minute walk

Miscellaneous Information

Liability
	No
Does your organization welcome court-ordered community service volunteers?
	Yes
Does your organization have volunteer positions for youth 12-18?
	Yes

Last updated on September 21, 2009