Binghampton Community Land Trust

AKA:

Binghampton Low Cost Home Sales in 38112

Description:

The Binghampton Community Land Trust is a non-profit created and run by Binghampton residents to rehabilitate blighted properties in the neighborhood to offer low cost, affordable and quality housing to residents of this neighborhood in 38112. The BCLT purchases properties, renovates and builds new homes on vacant lots in the Binghampton neighborhood to sell at low cost to residents. They find subsidy money to lower the cost of homes for potential owners. Because the organization owns the land and provides this subsidy, the homeowner commits to a resale formula that keeps the house affordable but still allows the homeowner to recover the equity they have in the home. Spanish speaking staff available.

Hours:

Hours vary

Intake Process:

Apply Online, or call or email for details; requires proof of income and potential homebuyers are required to attend Homebuyer Education Classes at United Housing

Program Fees:

House prices vary by property, but are substantially lower than market value

Languages:

Spanish

Eligibility:

Residents of Binghampton neighborhood in zip code 38112 with low to moderate income (applicants must currently live in the neighborhood and not make more than 80% AMI; see website for more specific details on income eligibility)

Handicap Accessible?

Yes

Is Shelter?

No

Date of Official Change:

March 17, 2022

Address Listings

Contacts

Phone Numbers

Legal Status:

Nonprofit (Unincorporated)