The Trust at Grove Park is bringing 14 permanently affordable townhomes to Grove Park this summer, starting around $250,000 for households earning under 80 percent AMI. I break down exactly how the community land trust model works and what the tradeoff means for buyers.
May 7, 2026 · Mellanda Reese
About This Short
In this video, I break down The Trust at Grove Park, 14 brand-new townhomes coming to Grove Park this summer starting around $250,000, and I mean permanently affordable, not just for the first buyer. These owner-occupied homes are reserved for households earning less than 80 percent of area median income, roughly $68,000 for a family of four, so we are talking about teachers, nurses, and city workers who have been priced out of buying intown. The community land trust model keeps prices low by separating the land from the structure, which limits resale appreciation but creates a real entry point into homeownership near Westside Park, where market-rate townhomes are clearing $400,000 and up. For the full story, read the blog: Affordable Townhomes Near Westside Park Starting at $250K
In a community land trust, the homeowner buys the structure but leases the land from a nonprofit trust. That separation keeps the purchase price lower and caps how much the home can appreciate at resale, so the next buyer also qualifies under income restrictions. It trades some equity upside for permanent affordability, and it is one of the few models that actually holds over time as surrounding neighborhoods appreciate.
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