ht-color-elevation-drawing-headerOur members and supporters are concerned about the future of San Juan Island and are committed to community preservation through forever affordable homes.  Our applicants are low to moderate income people who live and work on San Juan Island.  Our residents are key infrastructure employees who earn 50-125% of AMI (Area Median Income).  They are seniors wishing to remain on the island or long-time island residents who wish to live within the Friday Harbor community close to shopping and cultural activities.  All are at an income level where they cannot otherwise afford to purchase a market rate home.



As a nonprofit organization the Home Trust can apply for grants and accept tax-deductible contributions from individuals, foundations and agencies that support home ownership.  With these funds, the Home Trust can subsidize the cost of land, infrastructure and construction of new homes.  Homebuyers must obtain a mortgage for the affordably priced home and also agree to limit the eventual resale price of the home to insure that it is perpetually (i.e., forever) affordable to working people.  The increase in resale price is restricted by a formula tied to the area median income, a statistic issued annually for each county by the federal housing agency, HUD.

The Home Trust is a community land trust (a CLT), a type of organization that separates the cost of land from the cost of a home.  The land is held in perpetuity by the nonprofit organization, while the homes are sold to qualified buyers.  Islanders are able to achieve the long term security of home ownership, to build equity, and to pass the ownership of the home on to their heirs, through our program.

For more information, read through the FAQs.