Tierra Colectiva

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Tierra Colectiva Land Trust
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Tierra Colectiva Land Trust
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Tierra Colectiva Land Trust
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Tierra Colectiva Community Land Trust’s most recent successes.

Tierra Colectiva Community Land Trust’s most recent successes.

Path to Homeownership with Tierra Colectiva

Step 1: Attend an Information Session

Begin your journey by participating in a Tierra Colectiva Information Session. These sessions offer insights into the history and mission of the community land trust, explaining how this model maintains neighborhood affordability. Attendees will learn about the benefits of community land trusts, the application process, and how to join the Tierra Colectiva waitlist. These sessions also provide an opportunity to engage with community members and understand how collective efforts support the acquisition of more homes for neighbors.

Step 2: Verify Eligibility

Tierra Colectiva is designed to serve individuals and families who live in, work in, or have been displaced from the GES neighborhoods. Currently, homeownership opportunities are available to those earning between 50-60% of the Area Median Income (AMI). Importantly, ITIN recipients are eligible to purchase homes through the trust. While Tierra Colectiva does not offer financial aid or down payment assistance, staff members are committed to helping applicants determine their eligibility and connect with partner organizations for additional support.​

Step 3: Complete Education & Pre-Qualifications

Prospective homeowners must complete a CHFA-approved first-time homebuyer education course and obtain pre-approval for a loan through one of Tierra Colectiva’s partner lenders. This step ensures that applicants are well-informed about the responsibilities of homeownership and financially prepared for the process. Timely completion of these requirements is crucial, as it affects the speed at which applicants can join the waitlist. Tierra Colectiva staff will provide periodic check-ins and reminders to assist applicants throughout this phase.​

Step 4: Join the Waitlist

After meeting the eligibility criteria and completing the necessary education and loan pre-approval, applicants will be added to the Tierra Colectiva waitlist. Staff members will keep waitlisted individuals informed with quarterly updates, including timelines, homebuyer resources, and information about available homes. This ongoing communication ensures that applicants remain engaged and prepared for the next steps in the homeownership process.

Step 5: Home Selection and Closing

When a home becomes available, applicants on the waitlist will have the opportunity to select a property that meets their needs. The closing process involves final income verification, typically within six months of the closing date, and the preparation of necessary documentation. Tierra Colectiva staff will guide applicants through this process, ensuring a smooth transition to homeownership.

Step 6: Stewardship and Community Engagement

Homeownership through Tierra Colectiva extends beyond the purchase of a home; it includes active participation in the community. Homeowners are encouraged to attend Tierra Colectiva dinners, activities, and GES Coalition events. These engagements foster a sense of community and collective responsibility. Additionally, Tierra Colectiva provides resources for home maintenance, gardening, and seasonal upkeep, supporting homeowners in preserving their properties and the neighborhood’s character.

John Doe
John Doe

Executive Director
Email: John@GES.org

Jane Doe
Jane Doe

Executive Director
Email: Jane@GES.org

Jessica Doe
Jessica Doe

Executive Director
Email: Jessica@GES.org

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