The Madison Area CLT has over 60 permanently-affordable homes in our land trust, which remain affordable for low-income and first-time homebuyers over generations. An initial public subsidy makes each home affordable for families making 80% of the area median income or lower. 

MACLT owns the land under the home, and the homeowner leases the land from the CLT using a 98-year renewable ground lease. The homeowner agrees to pay it forward to the next buyer by selling the house at an affordable price based on a resale formula, and MACLT facilitates the sale of the home with an equity-focused policy for choosing the next buyer based on need. MACLT uses a resale formula, which governs the resale price. The resale formula is:

Resale price = Initial purchase price + 1% simple interest per year home owned + Qualified Capital Improvements. 

With each sale MACLT works and facilitates the sale and, with the use of our equity focused buyer selection process, MACLT connects those most in need of a home to the opportunity to purchase. MACLT also owns and preserves non-housing land at Troy Gardens, including of a large community garden, organic urban farm, and restored urban prairie, managed by Rooted.