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Carver County Community Development Agency (CDA) - Carver County Community Development Agency

Resource Name:Carver County Community Development Agency (CDA) - Carver County Community Development Agency

Home Ownership Assistance - Carver County Community Land Trust

address

705 N Walnut St, Chaska, MN 55318

Eligibility

  • Must meet income guidelines at 80% Area Median Income or below, based on household size
  • Must be a first time homebuyer and qualify for a conventional mortgage
Complete the pre-screening tool for information on next steps

Hours

10:00am - 3:00pm, Monday - Thursday

Site Service Area

Carver County

Other Information

Specialization

  • People with low income
  • Family
Home ownership program that offers financial assistance to make home purchases more affordable for those that meet eligibility requirements MORE INFORMATION Helps potential home buyers with low-to-moderate incomes purchase a home on property that is leased from the land trust through a long-term (99-year), renewable ground lease How does it work?
  • They acquire land that a new home is then built on, or acquires a home that is for sale in the community.
  • An appraisal is conducted to set the fair market value of the house and land.
  • The house is sold to a qualifying family, but the deed for the land is kept with the trust and leased for a nominal monthly fee.
  • When the homeowner wishes to sell, a second appraisal is conducted to establish the new value of the house and land, this new value determines the new resale price.
  • 75% of the appreciation in value stays with the land, where it serves to make the house affordable for the next buyer.

Last Update

06/23/2026

Providing organization

Carver County Community Development Agency (CDA)

Organization URL

https://carvercda.org