About Us:

Two Rivers CLT acquires and rehabilitates existing homes and as funding permits creates new homes. We have sold our rehabilitated and new units to forty-seven households scattered across our geographic area. From Andover, Bayport, Blaine, Cottage Grove, Forest Lake, Oakdale, St Paul Park, Stillwater, to Spring Lake Park, our buyers find a reasonably priced home in good condition.

What Do We Do?

Create Modest, Quality, and Affordable Homes: Two Rivers CLT acquires and rehab existing houses and when possible constructs new homes.

Facilitate the Home Buying Process:  Two Rivers CLT works with income qualified buyers to purchase a home by:

  •  Providing an orientation on Community Land Trusts.
  • Reviewing buyer’s income & debt to determine if buyers are mortgage ready.
  • Refer buyers with credit/debt issues to credit counselors or housing counselors.
  • Refer buyers to home buyer education.
  • Providing buyers a list of lenders offering low interest mortgages, reasonable lending terms and down payment and closing costs assistance.
  • Assist buyer in navigating the home process.

Continued Homeowner Support

· Answer property questions.

· Referrals to service providers for personal, household, and financial needs.

· Provide social and networking opportunities.

· Assist with the resale of the home.

What is a Community Land Trust?

Community land trusts (CLT) work with income qualified buyers to purchase new or renovated homes at a reduced price.

Ownership: The CLT owns the land under the house and the owner owns the home, similar to a condo/townhome development. Two Rivers CLT owners pay a $35 per month land lease fee.

Resale: In exchange for the lower purchase price, when the owner chooses to sell their home, they agree to take their earned equity plus 25% of the increase in the value of their home upon sale.

Two Rivers Community Land Trust’s Mission Statement:

Two Rivers Community Land Trust’s Mission is to provide permanently affordable homeownership for low and moderate-income households (earning up to 80% of the area median income) in Washington County and parts of Anoka County, MN.