Housing Types

Existing Homes Model

Under this model, applicants select a pre-existing home that is for sale in the Charlottesville area, or offer to bring the property within the PCLT. The PCLT purchases the land, while the home buyer keeps or purchases the house.

By taking the cost of the land out of the equation, PCLT helps make buying a home more affordable. As with every PCLT home, the home buyer then leases the land from PCLT while building equity on the “improvements.” If you find or own an existing home for sale that you believe would be a good fit for the PCLT model, please contact us!

New Construction Homes Model

Under this model, PCLT works with a developer and/or builder to construct a new home for a qualifying home buyer. The PCLT purchases and maintains permanent ownership of the land. A home buyer then purchases the home and leases the land from the PCLT. This takes the cost of the land out of the equation for the home buyer, making the home significantly more affordable.

If you are a developer or builder interested in partnering with PCLT in your affordable or mixed-income project, please contact us!

Acquisition and Rehab Model

Under this model, PCLT acquires vacant homes or homes that are otherwise at risk of being acquired for speculation and rehabilitates them to become permanently affordable homes for low-income households in the region.

If you are a developer or builder interested in partnering with PCLT in rehabilitation or own property that needs rehabilitation and would like to ensure its affordability, please contact us!

Habitat Homes Model

Under this model, PCLT partners with Habitat for Humanity of Greater Charlottesville to build new homes for qualifying families. Habitat takes over the selection process, but the home buyers still go through the same steps as other PCLT home buyers. In the Habitat model, the community land trust purchases the land and Habitat constructs the home. The home buyer purchases the home and enters into a long-term land lease with the PCLT.

Homes developed under this model pool resources from both organizations allowing for deeper levels of affordability for the homeowners. For more information, please contact us!