Housing
Land
Trust
of
Sonoma
County
(HLTSC)
is
a
private,
non
profit
corporation
established
in
February
2002.
MISSION
STATEMENT:
The
mission
of
the
Housing
Land
Trust
of
Sonoma
County
is
to
provide
home
ownership
opportunities
to
low-
and
moderate-income
families
in
Sonoma
County
while
ensuring
permanent
housing
affordability
through
the
use
of
a
land
trust
model.
Our
mission
is
based
upon
the
belief
that
(1)
all
working
families
deserve
a
home
of
their
own,
and
(2)
communities
with
homeowners
from
a
broad
socio-economic
range
are
the
strongest
and
most
vibrant.
The
model
used
to
fulfill
our
mission
is
called
the
Community
Land
Trust
model
(CLT).
In
this
model
the
land
trust
organization
owns
real
estate
in
order
to
provide
benefits
to
its
local
community
-
and
in
particular
to
make
land
and
housing
available
to
residents
who
cannot
otherwise
afford
them.
The
land
acquired
can
be
purchased
outright,
or
donated.
The
property
can
be
vacant
and
HLTSC
can
arrange
for
the
development
of
housing
on
it,
or
the
property
can
have
existing
structures
on
it.
HLTSC
works
closely
with
a
variety
of
local
organizations
to
create
affordable
housing
opportunities
for
low
to
moderate
income
families.
HLT
has
created
38
homes
and
we
are
currently
working
on
six
more,
all
in
Sonoma
County;
we
have
served
42
families
to
date
as
we
have
had
4
re-sales.
Our
first
development,
the
Kali
Subdivision
in
Santa
Rosa,
was
done
in
partnership
with
Habitat
for
Humanity
of
Sonoma
County;
HfH
was
the
builder
for
6
of
10
homes
on
land
owned
by
HLTSC.
The
remaining
4
homes
were
built
by
The
Housing
Company,
a
for-profit
developer
and
builder.
In
Petaluma,
Frates
Square
is
a
26
single
family
home
community
at
the
Southgate
Subdivision;
homes
were
built
by
Delco
Builders.
The
Petaluma
project
is
the
inclusionary
housing
that
is
part
of
a
larger
(about
200
homes)
subdivision.
HLTSC
partnered
with
the
City
of
Petaluma,
a
city
that
continues
to
hold
a
stellar
track
record
in
building
affordable
housing.
In
Cloverdale,
HLT
has
partnered
with
the
City
to
preserve
the
affordability
of
2
existing
units,
keeping
them
from
being
lost
from
the
workforce
housing
stock.
Our
current
projects
are
the
Sonata
Subdivision
in
Healdsburg
in
partnership
with
D.R.
Horton
and
the
City
with
6
homes
under
construction
and
the
Jamie
Lane
Subdivision
in
Cotati,
where
we
are
working
in
partnership
with
the
City
of
Cotati
to
create
6
homes
in
the
next
year
–
it
is
our
goal
to
continue
to
replicate
the
model
so
we
can
continue
to
recruit
and
retain
our
local
workforce
making
it
possible
for
those
who
are
the
fabric
of
our
community
to
afford
to
work
and
live
in
the
same
community.
In
all
cases
the
land
and
buildings
are
treated
differently:
The
land
is
held
permanently
by
the
land
trust
so
that
it
will
always
benefit
the
community;
buildings
are
owned
by
those
who
reside
in
them
with
exclusive
rights
to
the
property.
HLTSC
provides
access
to
land
and
housing
for
people
who
are
otherwise
priced
out
of
the
housing
market.
The
model
employed
helps
people
to
purchase
homes
on
affordable
terms.
The
land
beneath
the
homes
is
then
leased
to
the
homeowners
through
a
long-term,
99-year,
renewable
lease.
Residents
and
their
descendants
can
use
the
land
for
as
long
as
they
wish
to
live
there.
The
land
lease
requires
that
owners
live
in
their
homes
as
their
primary
residences.
When
homes
are
resold,
the
lease
ensures
that
the
new
owners
will
also
be
residents
-
not
absentee
owners.
A
key
benefit
of
HLTSC
is
the
ability
to
ensure
prices
stay
affordable:
When
the
homeowners
decide
to
move,
they
can
sell
their
homes.
The
land
lease
agreement
gives
the
HLTSC
the
right
to
buy
each
home
back
for
an
amount
determined
limited
by
HLTSC
resale
formula.
The
resale
formula
is
designed
to
give
homeowners
a
fair
return
for
their
investment,
while
keeping
the
price
affordable
for
future
low
to
moderate
income
families.
At
the
time
of
sale,
the
homeowner
has
the
benefit
of
having
equity
and
a
possible
small
gain
from
the
sale
of
the
house.
Upon
resale,
the
home
price
will
be
determined
by
what
the
family
can
afford,
regardless
of
the
housing
market.
The
home
made
affordable
to
a
family
in
2012
will
be
affordable
to
a
family
in
2022
as
the
increase
in
home
price
will
be
based
on
the
percentage
increase
in
the
median
household
income,
as
determined
by
the
Department
of
Housing
and
Urban
Development
(HUD)
or
Standard
Metropolitan
Statistical
Area.
Such
increase
will
be
measured
by
comparing
the
median
income
on
the
date
of
the
sale
to
the
first
owner
family
to
the
median
household
income
on
the
date
of
the
resale
to
the
subsequent
owner
family
of
equivalent
area
median
income
level.
The
price
of
the
home
is
as
affordable
to
the
subsequent
owners
for
decades
as
it
is
to
the
first
owner
in
the
same
income
level.
This
aspect
is
unique
to
the
Land
Trust
model
and
what
sets
it
aside
from
other
models
that
start
off
by
offering
affordable
housing
but
are
unable
to
continue
to
do
so
after
the
first
sale;
tying
future
resale
prices
to
the
percentage
increase
in
the
median
area
income
over
time
has
a
great
impact
every
time
the
home
is
sold,
it
ensures
the
home
remains
affordable
in
perpetuity.
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