Rental
Requirements
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Residents must be 60% or less of the Area Median Income (AMI) for DCLT’s affordable rentals.
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Residents should be 80% or less of the Area Median Income (AMI) for DCLT’s workforce rentals.
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Residents must have stable employment or income (2+ years) and meet credit and criminal history guidelines.
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Durham residents who use Housing Choice (Section 8) or Veteran Affairs Supportive Housing (VASH) Vouchers are welcome to apply.
Available Rentals
Anderson Apartments
Location: 1600 Anderson Street, Durham, NC Durham Community Land Trustees (DCLT) is excited to announce the availability of units in the Anderson Apartments community, located in a quiet and convenient…
Home Ownership
My land trust home is an investment in an affordable community. “We need more permanent affordable housing, and we need it fast.”
In this article, Laura Friederich articulates why buying a DCLT home was so timely.
To be eligible for homeownership, residents must have a total household income of 80% or less of the Area Median Income (AMI) in Durham County.
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Buyers must qualify for a home mortgage through one of our lending partners – North State Bank, Fifth Third Bank, Union Home Mortgage, Pinnacle Financial Partners, or Nine Street Mortgage. Feel free to contact DCLT for our lender partners’ information.
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Buyers must complete a land trust orientation and a HUD-certified homebuyer education course (locally led by DHIC).
- Submit below if you qualify for a home mortgage and have completed a homebuyer education class.
“CEF and DCLT are working together to open access to more equitable financial services — a matched savings program and one-on-one coaching and support for DCLT’s tenants and homeowners. We’re exploring and co-designing positive rent reporting to build tenants’ credit history!”
-Janet Xiao, Co-Director, Community Empowerment Fund.
Our Path to Homeownership Process:
In conjunction with our program partners, our staff works with tenants who express interest and financial readiness to become homeowners. Current tenants are eligible and are even given priority when land trust homes become available for purchase.
These are the seven steps we ask potential homebuyers to fulfill before becoming a DCLT homeowner:
- Possess the desire to be part of the solution to create permanently affordable housing in Durham.
- Maintain two years of steady employment or income (retirement, disability, VA, etc).
- Earn a Credit Score of 640 or higher
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Meet income-eligibility requirements.
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Attend a DCLT Homebuyer Session or COMPRAR Homebuying Session.
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Get prequalified from one of DCLT’s preferred lenders.
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Gain certification from one of DCLT’s partners for a HUD-certified 8-hour homebuyer education course. A course certificate is required for DCLT and all downpayment assistance programs.
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We work with DHIC, who provide the course in English or Spanish. Click here for their schedule of homebuyer classes.
The Community Empowerment Fund (CEF) offers financial services such as budgeting and 1:1 matched savings programs, and classes for DCLT tenants. Get in touch with them to find out how you can take advantage of their offerings!
Help Us Relaunch
DCLT Home Savings Program
Maintenance Individual Development Accounts (MIDA)
DCLT has developed a savings program – the Maintenance Individual Development Account – to encourage their homeowners to prepare for the large capital repairs that can plague aging homes. This provides a structured program for land trust homeowners to save for capital repairs while they work with financial educators with the Community Empowerment Fund for assistance.