PAY IT FORWARD
MAKE A LASTING IMPACT
WE ALL DESERVE A HOME
Your property can help build a future of stability, equity, and community.
Pay It Forward: Keep Your Dane County Home Affordable for Generations
By partnering with MACLT, Dane County property owners can pay it forward and keep homes affordable for generations. By donating or selling your home below market value to MACLT, you make it possible for future low- and moderate-income families to achieve the stability and pride of homeownership. Your generosity ensures that one home can continue opening doors for generations to come.
A gift of residential property in Dane County not only advances community equity and affordability; it can also provide you with significant tax benefits.
Partner with MACLT to Keep Your Home Affordable
Preserve
Affordability
Ensure your home remains affordable to future generations.
Support the Community
Create neighborhood stability by ensuring long-term access by low- and moderate- income people.
Tax Benefits
If eligible, you may receive tax deductions for a bargain sale or a home donation.
What Is A Bargain Sale?
A bargain sale allows you to sell your home to MACLT below its market value. The difference between the appraised value and the sale price may be considered a charitable donation, which may offer you tax advantages.
Benefits of a Bargain Sale or Home Donation:
Potential tax deduction for the donated portion of the sale.
Sustainable impact by ensuring your home remains affordable for years to come.
How You Can Pay It Forward
Transfer your home or vacant land directly to MACLT. Donated homes and land will remain permanently affordable for future families. MACLT will consider the condition of the home and decide what needs to be repaired, if anything, for future homeowners. Other types of gifts, such as undeveloped land, or other assets, may also be accepted. If not appropriate for housing development, some gifts may be sold, with proceeds directly supporting MACLT’s mission of preserving affordability and preventing displacement in our community.
Sell your home or property to MACLT at a price below its fair market value. If eligible, you may receive a charitable deduction for the difference between the sale price and the appraised value of the property.
Include MACLT in your will or living trust by leaving a gift of property. Bequests can create a powerful legacy of affordability in Dane County. If a property has a mortgage or lien, we request that debts be resolved prior to transfer.
Offer MACLT the future opportunity to purchase your home at a discounted rate, ensuring that it can be kept permanently affordable when you’re no longer living there.
Transfer ownership of your property to MACLT while retaining the right to live in it for a designated period or for the remainder of your life. MACLT will take ownership once the retained life estate term ends.
Donate real estate to establish a charitable remainder trust or charitable gift annuity. This allows you to support MACLT while receiving income during your lifetime and qualifying for potential tax benefits.
The Art & Sue Lloyd Story: A Legacy of Lasting Impact
Art and Sue Lloyd were longtime Madison residents, passionate advocates for housing justice, and two of the founders of Madison’s first cohousing community—Village Cohousing. The Lloyds got involved with MACLT in the 1990s because they believed deeply in the power of community land trusts to make homeownership more accessible and equitable.
They were especially inspired by the success of Troy Gardens on Madison’s North Side—a project that showed how permanently affordable housing could be integrated with sustainable land use and cohousing. Impressed by MACLT’s commitment to that vision, the Lloyds made an extraordinary gift in 2008 by donating land on Hoboken Road.
Their generosity allowed MACLT to partner with Operation Fresh Start to build two accessible, energy-efficient single-family homes on Hoboken Road designed to serve families of all abilities and income levels for generations to come.
But their legacy didn’t end there.
When Art and Sue passed away, they left their home at Village Cohousing (VCC) to their VCC neighbors. In turn, those neighbors saw an opportunity to honor the Lloyds’ lifelong commitment to housing equity by making that home permanently affordable through MACLT—our first condo unit in a market-rate development.
As Becca Schwartz, Co-President of VCC, noted:
“This project will make one of our 17 units permanently affordable. I hope others in our community will be inspired to do the same.”
These incredible acts of generosity show two different ways your donation could turn “real estate” – a parcel of land, a single-family home, or a condo or cohousing unit – into life-changing permanently affordable housing.
Thanks to Art and Sue’s vision, what was once an empty parcel on Hoboken Road is now home to two families enjoying affordable, stable housing, and building equity alongside a brighter future. And now, through the transformation of their VCC home into MACLT’s first permanently affordable condo, their legacy continues to grow.
