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Buyer sought for affordable home

Sue CarlsonThursday, Jun. 28, 2007, at 3:31 pm

On Monday, June 25th, the Citizens' Lighthouse Community Land Trust (CLT) achieved another milestone. The Evanston City Council approved its request for funds to support the purchase and rehabilitation of its first property. A grant of $99,500 in HOME (HUD) funds was approved for the purchase of a single family house. Located in the 2nd ward of Evanston, the home will be marketed to families of low to moderate income with priority given to residents or workers in Evanston. 

Land held by the Citizens’ Lighthouse CLT will be leased to the homebuyer at a cost below what would otherwise be possible.  This means that homes purchased on community land trust sites will remain affordable permanently—for the original buyers, their heirs, and for each subsequent buyer.

Citizens’ Lighthouse CLT will be marketing its first property in August or September.  There are eligibility criteria and an application process that requires homebuyer counseling.  Contact Wilfred Gadsden, Executive Director, by email at office@citizenslighthouse.org or by phone at 847-772-6702.

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