2024 Homebuyer Information Sessions

Sponsored by Truist Mortgage

We will be hosting virtual information sessions every month via Zoom. Click the link to register to participate. You may also check our YouTube channel to watch previous sessions, but please note some information may have changed since their recording, and watching a recording does not count towards your application.

Every month on the 2nd Tuesday

6pm via Zoom



How does MWCLT turn vacant properties into affordable housing?

The MWCLT Richmond Land Bank

In 2018, enabled by the Land Bank Entities Act, the City of Richmond appointed MWCLT to act as its land bank. A land bank is a non-profit or government organization that acquires vacant and tax-delinquent properties from its locality. Normally, these properties would go through the tax auction process, going to the highest bidder with no guarantee that they would be put to use. Instead, the City transfers them to MWCLT for a low judicial sale fee, and we agree to steward them through a transparent, community-driven process. The goal of this process is to return vacant properties to uses that benefit their neighborhoods and communities, affordable housing being the first priority.

We are the first and only combined Community Land Trust (CLT) and Land Bank in the entire country. This provides unique advantages. In addition to affordable housing being an explicit part of our mission, we are also able to encourage permanent affordability by offering to steward land in perpetuity while homes are occupied.

MWCLT also serves as the land bank for the counties of Chesterfield and Henrico.

Click below to find out more.


Donors

Crater Planning District Commission

Herndon Foundation

The William R. Kenan, Jr. Charitable Trust

LISC Virginia

The Mary Morton Parsons Foundation

The Pauley Family Foundation

Robins Foundation
Bob and Anna Lou Schaberg Foundation

The William H. – John G. – Emma Scott Foundation

Sentara

Allison Thomas Racial Justice Fund

Mr. & Mrs. James E. Ukrop

City of Richmond
Chesterfield County
Henrico County