Irvine Community Land Trust

the irvine community land trust (iclt) provides secure, high-quality a­ffordable housing through a non-profit community land trust, acquiring and retaining title to lands on which permanently aff­ordable rental, ownership and special needs housing will be constructed and maintained for the benefit of income-eligible families. iclt works with housing developers, corporate partners, other nonprofits, and the city of irvine to secure land on which affordable housing can exist for generations. by entering a 99-year, renewable ground lease with each homeowner, housing costs are kept low while giving the homeowner many of the benefits of traditional homeownership. in exchange for the benefit of a below-market purchase price, iclt homeowners acknowledge their investment will appreciate at a slower rate than their market rate neighbors. the future sales price of the home is restricted by the resale formula that is described in the ground lease. similarly, iclt also works with rental develope