The Lawrence Community Housing Trust builds new homes and rehabilitates old homes, then sells to eligible buyers for approximately $50,000 less than the home's market appraisal value. In exchange for this subsidy, the buyers agree that if they resell their LCHT home, the price will be affordable to another eligible buyer.

Want more information about the Home Purchase Program? See below.

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Home Purchase Program

What is the Lawrence Community Housing Trust (LCHT)? How does the Housing Trust guarantee continual affordability? The Lawrence Community Housing Trust builds new homes and rehabilitates old homes, then sells to eligible buyers for approximately $50,000 less than the home's market appraisal value. In exchange for this subsidy, the buyers agree that if they resell their LCHT home, the price will be affordable to another eligible buyer. Read more about this affordability model in a national scope at: http://www.cltnetwork.org/ What does this mean? To the LCHT sellers, this means they gain equity from mortgage payments, plus improvements made to the...

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