Generally, NCCLT purchases the land beneath various housing development projects and leases the land back (for a 99 year lease term) at below-market fees to low to moderate income owners/residents of the improvements thereon.  By removing the speculative cost factor of the land, and by incorporating an equity limiting resale formula, NCCLT insures that housing costs remain affordable for both current and future generations of low income home buyers.  Occupants of the improvements benefit from a reduced cost of the land, because NCCLT covers that cost and passes through only a below-market lease fee.

Housing Development

NCCLT serves as housing development coordinator/consultant to tenant groups seeking to exercise their "first-right-to-purchase" their single-family or multi-family buildings when their landlords put them up for sale.   In addition to ground lease, NCCLT provides tenant organization support, project feasibility, financial packaging and loan applications, architect and contractor selection, construction monitoring and permanent financing and close-out.

Asset Management

The purpose of the Asset Management division is to provide ongoing oversight and monitoring of fiscal operations, maintenance, refinancing and resident support, initially for NCCLT completed projects - with a long-term plan for expansion to include other, "stand alone" cooperatives.  This work is planned in response to requests from cooperatives, individual residents, local lenders and other nonprofits.  Some of the requests for assistance come from buildings with aging populations and property management companies - concerning refinancing and / or capital improvement or social services.