| Rondo Community Land Trust |
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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: Add this page to your favorite Social Bookmarking websites         |
Walkscore
Minneapolis and Saint Paul are ranked the #2 and #5 "Midsize Magnets" for 20-40 year olds. (Source: Next Cities-U.S., 2009-2010, Next Generation Consulting)
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