SOLD: North 19th Street $205,0001,360 sq ft2 bed/2.5 bath These two brand new homes near Martin Luther King, Jr. Middle School feature hardwood floors, tile...
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
CLT Homes
SOLD – N 19th St
SOLD – North 19th Street $205,0001,360 sq ft2 bed/2.5 bath These two brand new homes near Martin Luther King, Jr. Middle School feature hardwood floors,...
Carver St – SOLD
SOLD: Carver Street $160,0003 beds / 2 baths1,440 square feet These two homes were built using land from the Richmond Land Bank program. This home...
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.