Company Profile

Company Overview

Homestead Community Land Trust puts the financial and social benefits of affordable homeownership within reach of the everyday heroes of King County who are priced out of our high-cost housing market. In 2020, we will be in active construction of 33 new permanently affordable homes in three cities, and will be conducting feasibility on four or five additional projects, which combined will result in over 90 new homes over the next six years. Homestead builds new homes and rehabs existing homes, raising funds to price these homes affordably for first time homebuyers who make less than 80% of area median income as defined by HUD. We keep homes affordable in partnership with buyers who agree to a resale formula that allows them to build equity while also allowing the home to be affordable to the next buyer.

Homestead’s origins in the activist community are reflected today in a joint staff-Board initiative to deepen the expression of racial and social equity in all aspects of our work. Building on strengths in democratic governance and decision-making and a core mission to redress housing inequity, Homestead seeks team members who value inclusion and are committed to addressing racism, sexism and other forms of oppression in our work and community.

Working within the framework of a Just Transition to a New Economy, our approach is

- shifting economic control of land to community,
- democratizing wealth through residential ownership in a member-governed CLT;
- advancing ecological sustainability in housing development and rehabilitation and
- driving racial justice and social equity by putting homeownership within reach of people shut out of ownership by the legacy of discrimination.