11/02/2026
Priced out of the Grand Forks market? This one is worth a closer look. 🏡
The Grand Forks Community Land Trust (GFCLT) has a home coming soon at 109 Reeves Court: 3 bedrooms, 3 bathrooms, a detached 2-stall garage and lots of historic charm.
GFCLT Price: $250,000, with up to $100,000 in affordability assistance based on household income.
Community land trust homes work a little differently than a typical purchase, so here's how it works:
-The land trust owns the land. You buy the home and its improvements, and a ground lease covers the land.
-Affordability stays with the home. When you sell, a shared-equity formula applies, and you keep a portion of the appreciation. In return, GFCLT homes sell well below market value.
-Financing is set up for it. NDHFA offers a lending program designed for community land trusts, and because these homes sell well below their value, buyers typically don't need PMI. I have connections with local lenders that are already familiar with the leasehold loan process.
These homes don't go on the MLS. You won't find this one on the usual home search sites.
Here's what happens next:
1️⃣ Get pre-qualified for a mortgage of at least $150,000
2️⃣ Submit a pre-application at gfclt.org/apply. That's all you need to schedule a showing.
3️⃣ The full application opens Wednesday, November 4. Buyers are selected on a first-ready, first-served basis, so it helps to be prepared ahead of time.
Check eligibility here: gfclt.org/eligibility
You don't have to have it all figured out yet. If you'd like help understanding your options, or want me to walk through the home with you, send me a message. My job is to make sure you understand your options, and that includes programs like this one.
Let's get you home.
Leah Bjur, REALTOR®
Grand Forks real estate agent | Crary Real Estate
📞 701-317-0439
GFCLT Opportunity Announcement!📣
🏡 Coming Soon | 109 Reeves Court
Historic charm. Timeless character. Prime location.
All at an affordable price through GFCLT.
🛏️ 3 Bedrooms 🛁 3 Bathrooms
🚗 Detached 2-Stall Garage
💰 GFCLT Price: $265,000 + up to $115,000 in affordability assistance available, specific amount determined based on income.
Households pre-qualified for mortgages of $150,000 or more are encouraged to submit pre-applications at gfclt.org/apply as soon as possible. The full application round for this home will open next Wednesday, 11/4.
Realtors and Lenders: This home is perfect for your households that have been priced out of the Grand Forks market! GFCLT will pay 3% commission to Buyer's side representative. Buyers must meet GFCLT eligibility requirements. Learn more at https://gfclt.org/eligibility.
📱Questions? Contact Emily: [email protected]