Selling your CLT Home
Are you ready to sell your home to the next eligible homeowner? First we want to thank you. We appreciate your investment in - and stewardship of - your Newtown CLT home. Your commitment not only benefited you, but also enables future generations to purchase affordable homes in our community.
If you are ready to sell your home, please contact Newtown as early as possible so that we may assist you in the process. Information on the sale of your CLT home can be found in Article 10: Transfer, Sale or Disposition of Improvements of your Ground Lease. Newtown has a Right of First Refusal, and will mostly likely wish to purchase your home back directly, easing the sometimes costly and time-consuming selling process. Give us a call today!
Refinancing your CLT Home
Are you interested in refinancing your CLT home? In many cases, you can! Before beginning the process, contact Newtown to discuss your options. Your Ground Lease (Article 8: Financing) requires that any mortgages, deeds of trust, or other encumbrance on the property must be approved by Newtown. As community steward of the land, we must review and approve your refinance to protect the affordability of the property and secure its long-term value.