Rondo Community Land Trust

Description: Rondo Community Land Trust single-family homes for sale at below-market prices for qualified buyers. Income restrictions apply and depend on family size. The land trust model allows buyers to purchase homes that they otherwise would not have been able to afford and allows them to receive all of the benefits of homeownership, including mortgage interest deductions. Upon sale of the home, the Rondo CLT resale formula gives the homeowner 100% of their earned equity (the amount they have paid down on their mortgage) plus 25% of any market equity (the change in market value for their home). This allows the home to stay affordable for future buyers.

Click here to see Rondo CLT homes currently for sale.

For more information, contact:
Rondo Community Land Trust
626 Selby Avenue
St. Paul, MN 55104
Phone: 651-221-9884
Web: http://www.rondoclt.org/

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“I love being able to walk down the street a block and find a bakery, four restaurants, a co-op for fresh food, and great bus service to get me where I am going. My family was able to downsize to one car because of our great transportation access.”

- Steve
Summit-University neighborhood, Saint Paul

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