Elevation Community Land Trust

Eclt provides affordable homeownership opportunities to eligible low-to-moderate income Colorado families using the Community Land Trust model, through which the improvements on a property are sold to a qualified household and the Land is held in Trust as a Community asset. Eclt acquires homes, completes rehabilitation if needed, and sells the homes to low-to-moderate income households. Such homes are generally sold at a loss, since the cost to acquire and rehabilitate a property usually exceeds the affordable sales price to a qualified homebuyer. This loss ($1,581,597 in 2022 shown on part i line 10 above) represents eclt's subsidy investment to ensure that the homes in its portfolio remain permanently affordable for generations to come. In 2022, eclt sold 87 homes to qualified buyers.