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Clam Homes

Affordable Home Ownership Sets Precedent for Marin County

February 24, 2015 By Lisa Thompson

First Time Homeownership Helps Family Stay in West Marin

“It is good to know that when we sell this home, we will pass the savings on to the next homebuyer and keep this home permanently affordable.” — Eric

In September 2014, CLAM provided Marin County with its first affordable home purchase utilizing the Community Land Trust Model with the sale of an affordably priced home to first-time homebuyers Eric and Sarah and their two children.

After renting in many West Marin locations, the family wanted to buy a home in West Marin. But even with two incomes as schoolteachers, Eric and Sarah found that West Marin home prices had escalated out of their range. Then they heard that CLAM had a home to sell as a Community Land Trust home. They understood that, if they qualified for a mortgage, they would own the home while CLAM retained ownership of the land and lease it to the homeowners for a nominal annual fee. This was not only CLAM’s first home ownership home and the family’s first home purchase, it was also the first Community Land Trust home to be sold in Marin County.

 

 

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Filed Under: Success Stories

CLAM is truly a community organization, fueled by the involvement and generosity of local people and other supporters. CLAM succeeds because of the support of people like you.

Thank you to our Business Sponsors:

Coastal Health Alliance

Cowgirl Creamery

Heidrun Meadery

Hog Island Oyster Co

Lex Ultima

Marin Momma

Marsh Cottage

The Marshall Store

Osteria Stellina

Point Reyes Farmstead Cheese Co.

Seadrift Realty

Straus Family Creamery

Toby’s Feed Barn

Tomales Bay Oyster Company

Zuma

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P.O. Box 273 Point Reyes Station, CA 94956 | (415) 663-1005 | [email protected]
CLAM is a 501(c)(3) non-profit organization. Donations are tax-deductible | © 2021 Community Land Trust Association of West Marin

MENU
  • HOME
  • ABOUT
    • What We Do
    • The Case for Affordable Homes
    • Mission, Vision & History
    • Housing Solutions
      • What is a Community Land Trust?
      • Shared Housing Solutions
    • Board & Staff
    • Annual Reports
    • Contact
  • CLAM HOMES
    • CLAM’s founding homes, Inverness Park
    • Blue and Yellow Homes, Point Reyes Station
    • Mesa Apartments, Point Reyes Station
    • Stinson Beach’s First Affordable Homes
    • Inverness Home: CLAM’s First Ownership
    • 31 Giacomini Home: Clam’s Second Ownership
    • Aberdeen Homes
    • Real Community Rentals
    • Green Building Practices
    • Success Stories
  • WAYS TO GIVE
    • INDIVIDUAL
    • BUSINESS SPONSORSHIP
    • LEGACY CIRCLE
    • OTHER OPTIONS
  • Coast Guard Rehab
    • NEWS & UPDATES
  • Apply for a Home
  • Solicitar una Casa
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