Features for Selling Members Include:
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Create Lasting Change: Your involvement helps ensure that future generations will benefit from affordable, stable, and community-focused housing.
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Promote Diversity and Inclusion: We actively work to create a diverse and inclusive community where everyone feels welcome and valued.
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Advance Housing Justice: Support efforts to combat housing inequality and advocate for fair housing policies at the local and national levels.
SELLING PROPERTY
TO THE CLT - Through Our CLT Sellers Program:
Why Sell to the CLT?
Community Impact:
Your property will become part of a model that prioritizes affordability and sustainability.
Legacy of Support:
Ensure your property continues to serve a valuable purpose, providing homes for those in need.
🏠 Discount Sales💲and Property Donations Info Session - Indianapolis Community Land Trust
CLT Seller Program Examples:
Meet Julia!
Julia Lohla is an Indianapolis mother of two who lives in a rapidly gentrifying part of Irvington. Her family bought their home in 2018 for approximately $200k and today it's worth about $300k. She approached Indy Community Land Trust with interest in selling her house to the CLT for what they originally bought it for so another family can enjoy the home like they did. They will also be eligible for a charitable tax deduction for the difference between the sales price and appraised value which they can claim over five years (potentially about $100k).
"For me, a CLT feels like a breath of fresh air, and a no-brainer. When I first learned about the concept back when I took a course in urban planning several years ago, it made a lot of sense to me and I was enthusiastic about it. But I’ve also since read a little more about the history of CLT’s in the US , and it’s a little depressing how long it took for the ideas to get off the ground and to spread and grow.
The problem is not in the CLTs- the problem is that the current market system for buying and selling houses is SO strong. When you go to buy or sell a house, you can immediately start drowning in all the parts of the process that are made to feel inevitable- so you don’t even realize there could possibly be another way.
I commend the coalition that has come together to create the Indy CLT for coming up against those forces and doing the hard, detailed behind-the-scenes work to make this a reality. I am also heartened and motivated by the fact that there are so many very large and very successful CLTs in other parts of the country- and the world- that have led the way and shown us that this can be done, and that a housing market can be based on things other than exploitation and profit. For Indy’s CLT to grow and thrive, it’s honestly not even asking that much of regular people.
You don’t have to go far out of your way and your comfort zone, or change your whole lifestyle- to sell your house slightly less than market rate- or to buy a house where the land it’s on will be entrusted to a CLT. And I know there are plenty of sellers out there who are just as concerned and alarmed as I am about the state of housing in Indianapolis- and it’s exciting to know there’s now an option for sellers to be able to sell in a way that can actually build up our community instead of contributing to an ever-growing, and ever-bursting, housing market bubble."
HOW TO SELL OR DONATE PROPERTY TO THE CLT:
HOW TO SELL YOUR PROPERTY:
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Contact Us
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Learn: Download and read over the "Discount Sale Process" guide below.
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Initial Inquiry: Fill out the form below to express your interest in selling your property to the CLT.
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Property Evaluation: We will assess the property to determine its suitability for our community-driven model.
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Agreement and Sale
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Negotiation and Agreement: Work with our team to agree on fair terms for the sale.
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Finalize the Sale: Complete the necessary paperwork to transfer ownership to the CLT.
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Impact Reporting
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Receive Updates: Stay informed about how your property is being used to support our mission and community.
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DONATING PROPERTY TO THE CLT:
Why Donate Property?
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Tax Benefits: Enjoy potential tax deductions for your charitable donation.
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Philanthropic Impact: Make a lasting difference by providing a home for those in need and supporting community development.
How to Donate Property
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Initiate the Donation
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Express Interest: Click here to discuss your intention to donate property.
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Click here for monetary donation
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Property Review: We will review the property to ensure it aligns with our goals and needs.
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Donation Process
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Appraisal and Documentation: Obtain an appraisal and complete the necessary donation documentation.
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Transfer Ownership: Finalize the donation and transfer ownership to the CLT.
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Recognition and Updates
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Acknowledgment: Receive recognition for your contribution and updates on how the property is benefiting the community.
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PROPERTY SALE & DONATION INTEREST FORM:
Fill out the form below and we'll contact you within 5 business days.