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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

  • Family
  • People with low income
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

09/04/2026

Providing organization

Carver County Community Development Agency (CDA)

Organization URL

https://carvercda.org