NPHS created this Community Land Trust as part of a holistic framework to develop, preserve and protect affordable homeownership opportunities in neighborhoods throughout the Inland Valley.
The NPHS CLT is integrated into NPHS’ holistic approach to real estate development with a focus on creating, preserving and protecting the affordability of housing developed by NPHS and its partners. This framework is comprised of three Social Instrument’s that are interconnected and work together to successfully create and preserve affordable homeownership while creating equity and wealth in low-income communities and households.
The first component of this framework is NPHS’ Affordable Housing Fund which finances the development of single-family homes for purchase, and the acquisition of multi-family rental housing.
The second is NPHS’ Community Lending Fund. As a Community Development Financial Institution (CDFI), NPHS’ Community Lending Fund provides down payment and closing costs loans to help low-income first-time homeowners afford the cost of homeownership, especially for the buyers purchasing CLT homes developed by NPHS. The fund also provides crucial support if homeowners face unexpected home repairs or financial problems.
The NPHS Community Land Trust is the third piece that serves to preserve and protect the affordability of the homes developed by NPHS and its community partners.
NPHS Community Land Trust Properties
3616 Wall Ave., San Bernardino, CA -SOLD-
Price: -SOLD- $230,000 3616 Wall Ave. San Bernardino,
How the NPHS Community Land Trust Works
The NPHS Community Land Trust helps sustain the Inland Empire as a healthy, economically diverse community by providing permanently affordable homes for low-income households whose housing needs are not met by the traditional market. Specific functions of the NPHS Community Land Trust include:
Acquiring land and properties for long-term affordable housing
Developing land in an environmentally and socially responsible manner
Constructing or renovating properties so that they are healthy, durable and energy efficient
Educating and counseling homebuyers and rental tenants
Stewarding what it creates for current and future generations