HomeMy WebLinkAboutCFCLT Past Experience3 Examples of Cape Fear Community Land Trust Recent Property Experience:
• 920 Meares Street
o Single Family New Construction Home completed in 2023
o 3BR/2BA – 1296sf
o Sold with Land Trust Restrictions at below Market Value - $250K
o Homeowner is 60% AMI, Black, Female HOH, Family size 2
• 3917/3926 Prices Lane
o Two homes from our 8 Home Development, Gideon Point, were rehabbed between
Land Trust homeowner occupancy
o Gideon Point was initially completed in partnership with the City of Wilmington and
Habitat for Humanity in 2012
o Rehabs/Turnover Repairs completed in 2023 (one sold 2023, one sold 2024)
o Homes sold for $168K each based off of land trust appraisal
o Homeowners are 78/79% AMI, Black, Female HOH, Total Served 5 (4 and 1)
• 1314 Marsdon Avenue
o Single Family New Construction Home completed in 2020
o 2BR/2BA – 1099sf – sold for $164K in 2020
o Sold without land trust restrictions due to bank hesitance (resolved)
o Homeowner is 72% AMI, White, Female HOH, Family size 2
Three examples of past experience, including project title, description, number of units/households
assisted, project year, and location.*