FOR IMMEDIATE RELEASE March 28, 2012
Contact: Justin Collins
(484) 893-1061
jcollins@caclv.org
http://www.lvclt.org/
Lehigh Valley Community Land Trust
to celebrate first homebuyers March 30
(BETHLEHEM, PA) – Lehigh Valley Community Land Trust (LVCLT) will announce the sale of its first homes and introduce its first homebuyer during a press conference at noon on March 30 at 512 Cherokee St. in Bethlehem. The very first homebuyer, Jessica McGinley, recently purchased a home with help from LVCLT. Tours of the completed Cherokee Street home as well as a home slated for renovation next door will be available.
LVCLT purchases properties, renovates the homes, and sells them to income-qualified applicants. A qualified homebuyer purchases a home with as little as $1,800 down and monthly mortgage payments comparable to local fair market rents.
“I never thought I would own a home this early in life,” McGinley said. “I love my house. We can’t allow this to be a secret anymore!”
Unlike conventional models of homeownership, LVCLT ensures that homes remain affordable to future generations of homebuyers. LVCLT also provides support to existing homebuyers before and after the home purchase.
Founded in 2009, LVCLT has renovated six homes and sold three. Over the next year, LVCLT will be selling at least six additional homes in the Lehigh Valley. LVCLT is a nonprofit subsidiary of Community Action Committee of the Lehigh Valley.
