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Hometown Community Land Trust Ground LeaseDRAFT.v.2. January 2017HOMETOWN COMMUNITY LAND TRUST
GROUND LEASE
TABLE OF CONTENTS
RECITALS
DEFINITIONS
ARTICLE 1: Homeowners Letter of Agreement and Attorneys
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How to fill out hometown community land trust
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To fill out a hometown community land trust, follow these steps:
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Gather all the necessary documents and information, such as proof of residency, income, and employment.
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Attach the necessary documents as mentioned in the application form, such as identification proof, income statements, and any other supporting documents.
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- Want to secure affordable housing in their local community.
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- Have low or moderate income and struggle to afford conventional housing options.
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- Wish to build equity and wealth through homeownership.
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- Are committed to maintaining and preserving the affordability of their homes for future generations.
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Therefore, anyone who meets these criteria and values the advantages of a community land trust can benefit from a hometown community land trust.
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What is hometown community land trust?
A hometown community land trust is a non-profit organization that acquires and preserves land for affordable housing purposes.
Who is required to file hometown community land trust?
Hometown community land trusts are typically required to be filed by the board of directors or trustees of the organization.
How to fill out hometown community land trust?
To fill out a hometown community land trust, one must provide information about the organization's mission, properties owned, financial details, and board members.
What is the purpose of hometown community land trust?
The purpose of a hometown community land trust is to create and maintain affordable housing opportunities for low-income individuals and families.
What information must be reported on hometown community land trust?
Information such as property holdings, financial statements, board member details, and mission statement must be reported on a hometown community land trust.
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