Why Dakota Land Trust?
Recognizing the increased rise in land and housing prices, Dakota Land Turs seeks to permanently preserve land and various types of housing to fit the needs of those working and living in our communities.
Homebuyers participating in the Dakota Land Trust program purchase only the house and enter into a long term shared equity agreement with Dakota Land Trust to lease the land. The agreement gives the Dakota Land Trust homeowner the exclusive right to use the land as they would if they owned it.
- Stewardship: Preserving Resources-Preserving affordability one generation after another; for succeeding generations.
- Mobility: Rebuilding the Housing Ladder- Multiplying the choices that low-income families have when they seek to improve the type of housing in which they live. Allowing low-income families to step up to homeownership in incremental steps.
- Security: Sustaining the Gain-Supporting homeowners after they purchase a home. Intervening to cure defaults and prevent foreclosures.
- Stability: Supporting Innovative Development Strategies-Encouraging quality, family friendly neighborhoods by providing a wide range of home ownership options and locations.
- Flexibility: Adapting to sites, funds& constituencies-Abandoning a one size fits all approach to community development. Mixing uses of land and types of housing in scattered-site projects.