Embedded Files
Support our mission and become a member today!
The Rose Street Neighborhood will provide permanently affordable homeownership opportunities for McKenzie Valley families earning less than 80% of area medium income.
Accessible Homeownership & the CLT
Accessible Homeownership & the CLT
6 Affordable Homeownership Opportunities!
Stick-built & Firewise, 3 bed / 1.5 bath, approximately 1,300 sq ft
Estimated sale price: $250k-$275k*
Using the community land trust (CLT) model, we will sell the home, not the land, to a qualified buyer. The buyer signs a 99 year lease on the land, paying a monthly land lease fee. Separating the price of land from the home price allows the home to be affordable. To learn more about community land trusts visit, What is a CLT?.
Homeownership & Eligibility
Homeownership & Eligibility
We are no longer accepting applications for the Rose Street Neighborhood. Sign up for our contact list to be made aware of future homeownership opportunities.
DevNW's experienced homeownership team is working with applicants to:
Verify income and employment.
Work with lenders to get mortgage pre-qualification.
Participate in community land trust and homeownership education classes.
DevNW has decades of experience with community land trust developments, and is serving as a neutral party to ensure a fair process for our applicants. The MCLT Board is not involved in review, screening, or selection of applicants.
Qualifiers to purchase a CLT home in the Rose Street Neighborhood:
Household income below 80% of area median income for Lane County
The Rose Street Neighborhood will be your full time residence. (8 months a year)
Must be able to qualify for a mortgage.
And one or both of:
Lost your primary residence (renting or owning) in the Holiday Farm Fire.
Duplication of benefits will be reviewed: If you have or will receive Rapid Rehousing assistance or Reconstruction/Home Purchase Assistance via ReOregon HARP for 2020 fire survivors, you may not be eligible for a CLT home. Reach out to your case worker or MCLT with questions.
Currently working in the McKenzie River Valley. (Hwy 126 - milepost 19/Leaburg, OR east to the Lane County boundary)
Resources available for Rose Street homebuyers!
🏡Below market-rate mortgage exclusively for CLT homebuyers
🏡Down Payment Assistance up to $150,000 if your home was damaged or destroyed in the Holiday Farm Fire
Design & Development
Design & Development
Our development partner is local non-profit, DevNW. DevNW has a proven track record of developing high quality, affordable community land trust homes in Lane County and throughout Oregon.
The Rose Street Neighborhood will also serve as a model for building firewise homes and firewise landscaping. To learn more about firewise prepared homes visit wildfireprepared.org.
MCLT's Rose Street Neighborhood homes - designed by BDA Architecture
Floor Plans
Level 1 Floor Plan - Riverfront Lots
Level 2 Floor Plan - Riverfront Lots
Level 1 Floor Plan - Interior Lots
Level 1 Floor Plan - Interior Lots
Home Interiors
The Rose Street Neighborhood is an active construction site, not open to the public. You are welcome to drive by to take a closer look at the homes, but please respect the hard-working construction crews on site and do not impede any work.
Once qualified for a mortgage, families will have an opportunity to view the homes.
Rose Street Groundbreaking celebration photo album: Click here.
Partners
Partners
HUGE THANK YOU to our funding partners!
$890K through Lane County - wildfire recovery funding
$1.2M with Oregon Housing and Community Services LIFT program
$1.2M construction loan with Summit Bank
$30K PacificSource
Eugene Water and Electric Board - septic system funding
Want to become a member of the MCLT and help to support bringing back affordable housing in the McKenzie Valley?
Click the DONATE button. Thank you!
Page updated
Google Sites
Report abuse