Who We Are
The FACLT is a Community Land Trust (CLT); a non-profit created to provide attainable homes for the benefit of our existing community. A CLT provides ownership access for people who are priced out of our current housing market. Learn more about the need for housing in Benzie County here.
How does a CLT work?
When an individual, or family, purchases a CLT home, that home sits on land owned by the Frankfort Area Community Land Trust. This means that you own your home, but the FACLT owns the land.
This makes the purchase price of your home more affordable because you are buying only the house, not the land.
As the homeowner, you lease the land from the Community Land Trust in a long-term (99-year), renewable lease.
When you sell the home, you agree to sell at a restricted price to keep the home affordable.