SJCLT has the good fortune to be asked to develop or participate in many worthy projects or programs. We use a decision filter to evaluate which projects or programs should be developed or pursued. Elements of the filter include: Does the project/program fit with our mission? Does someone else already provide the service more efficiently/effectively than we could? Do we have/can we get the capacity to successfully deliver the program/project? Do we have/can we efficiently get the necessary skills & knowledge? Are partners available to fill roles that we can't? Does the program/project generate revenue or funding to support costs & contribute to SJCLT sustainability? Does the community support or oppose the project/program--does it fill a critical gap for the community? Does the program/project enhance SJCLT name/visibility?

SJCLT homeownership provides the majority of the benefits of traditional homeownership: long-term security of homeownership, fixed housing costs, tax deductions and the potential for equity and wealth acumulation. While SJCLT homeownership limits the appreciation a homeowner may realize upon the sale of the home, this investment is still likely to provide a significant return relative to renting. In addition to the potential for appreciation, SJCLT homeowners will realize equity acummulation with every mortgage payment.

This is how the SJCLT can ensure permanent affordability of the home for future generations of working families. By retaining ownership of the land underneath the homes SJCLT removes land appreciation from the overall cost.

Applicants must meet the following criteria: Head of household must be at least 18 years of age The household must meet the income eligibility criteria for the particular unit (this will generally be less than 120% of the County Area Median Income) Qualify for a 30-year fixed rate mortgage Contribute at least 3.5% to the total purchase price, including closing costs (downpayment assistance programs may be available to help) Complete a homebuyer education course designated by the SJCLT that will include an overview of the rights and obligations of homeownership on SJCLT ground leased property. Understand and agree to the provisions of the ground lease, including the resale restrictions that limit potential appreciation to the homeowner.

SJCLT and the homeowner will enter into a 99 year ground lease that spells out the obligations of the SJCLT and the homeowner regarding maintenance and improvements by the homeowner, occupancy of the home, payment of the ground lease fee, real estate tax payment obligations and resale provisions governing subsequent sales of the home. The ground lease can be passed on to the homeowner's heirs. The heirs, if qualified, may remain in the home by accepting all of the terms of the ground lease, or will be entitled to the accumulated equity in accordance with the resale provisions in the lease.

Yes, there are mortgage lenders that will issue mortgages on SJCLT properties. SJCLT and our partners will assist prospective SJCLT homeowners in obtaining a mortgage for the purchase of a SJCLT home.

You must sell your home to a family in the same income qualifying category in place when you purchased your home. In addition, the sales price paid by the subsequent homeowner will be limited by the resale formula in the ground lease.

Owning a SJCLT home helps low and moderate-income households accumulate wealth from the following sources: Potential appreciation in the home's value resulting from changes in Area Median Income minus transaction costs Unlike rent that always seems to go up, housing costs are fixed (only fixed-rate mortgages are permitted) A portion of each mortgage payment goes to reduce the principal which increases equity (value on resale minus declining loan balance due on sale) Possible real estate tax deductions

Upon the sale of your home the sales price will be limited by the percentage change in the County Area Median Income (AMI) from the time you purchased the home. Below is an example: Your purchase price: $300,000 Change in AMI from time of your purchase: 8% Resale price to income-qualified purchaser: $324,000 ($300,000 x 1.08) Your equity realized from resale price: $24,000 (324,000 - 300,000)

Contact SJCLT to express your interest in owning a SJCLT home or to get more information use the Contact tab on this website to reach out to us.

Sugar Pine Village is a planned 248-unit apartment complex that will include studio, 1, 2 & 3-bedroom apartments for low-income qualified tenants. For information about Sugar Pine Village including how to apply click on the Sugar Pine Village link.

Sierra Garden Apartments includes 76 1& 2 story apartments for low-income qualified tenants. For information about Sierra Garden Apartments including vacancies and applications [placeholder]

Generally, only SJCLT members are eligible for Emergency Grants, however, grants may be awarded to non-members on an exception basis by the Board. Download the file for the Member Emergency Grant Program criteria.

Grants to cover first months rent and security deposit may be awarded to qualifying families. Download the file for the Motel to Home Program criteria.