Conventional Homeownership vs. Dakota Land Trust?

Same

• The homeowner obtains a mortgage with a bank
• The homeowner accumulates equity
• The home can be inherited by the homeowner's spouse or children
• The homeowner pays property taxes
• The homeowner can make alterations and improvements to the home and land

Different

• The purchase price is lower
• Dakota Land Trust owns the land and the homeowner leases the land for a nominal fee ($25/month)
• The Resale Formula ensures that the home will remain affordable when it is sold to future homebuyers