Fred M Hector Jr Charitable Trust

Cass Clay Community Land Trust is a nonprofit organization based in Fargo, ND, dedicated to providing perpetually affordable homeownership opportunities for the Cass-Clay community's workforce. They acquire land and remove it from the speculative real estate market, ensuring that it remains affordable for homebuyers by holding it in trust forever. Using a shared equity model, Cass Clay Community Land Trust lowers the initial purchase price of homes through subsidies, bridging the gap between what qualified buyers can afford and the actual mortgage cost. By retaining ownership of the land beneath the homes and using a 99-year ground lease, they ensure long-term affordability and allow future low to moderate-income buyers the same opportunity to purchase a home at an affordable price.Generated from the website