The citywide Prairie Roots Community Land Trust (PRCLT) - launched in 2022 - preserves investments and creates permanent affordable housing across Lincoln, Nebraska.
In a CLT, a buyer purchases their home but leases the land underneath the property from the trust. Upon purchase, the resident agrees to a series of requirements that govern the resale of the property to another buyer in the same economic situation of the original buyer. The homeowner benefits from the equity and appreciation of the home, and the community benefits from the home being sold to another low- or middle-income buyer. The PRCLT leverages a shared-equity model to ensure affordable homes stay affordable.
The Prairie Roots Community Land Trust is a wholly owned subsidiary of NeighborWorks Lincoln. Full site coming soon.