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The couple paid less than usual for the area by going through a community land trust, or CLT. Community land trusts allow low-income homebuyers to purchase homes at a reduced price in exchange for the trust's retaining ownership of the property's land. Community land trusts were an unfamiliar conceptI learned about community land trusts while driving through a neighborhood. It's a community housing organization that offers homebuyer education and also sells affordable homes through a community land trust program. Our lives are much betterWhen buying a land trust home, not only do you have to qualify for the land trust program, but you also have to qualify for a mortgage at the bank.
Persons: Melisa Gomez, Romo, , It's, Gomez, we're Organizations: Service, Romo, Land Trust Locations: Duluth , Minnesota, Minnesotans, Duluth, Fayetteville , Arkansas, . Duluth, El Salvador, Mexican
CNN —A large winter storm system slammed into the western US over the weekend, blanketing mountain areas with heavy snow before taking aim at the South, where it’s expected to bring severe weather, with strong winds, hail and tornadoes possible. More than 15 million people in 14 states are under some sort of a winter weather alert as the powerful storm moves across the county. A multi-day severe storm threat begins Monday for parts of the South and southern central US. A slight threat for severe weather has been issued for parts of western and central Kansas and Oklahoma into northwestern Texas. Duluth, Minnesota, could also see 6 inches of snow and will be under a winter storm watch starting Tuesday morning.
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