[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-341599-105":3,"detail-sidebar-cat-0-en-105":81,"doc-detail-341599-en":130},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","is-the-cht-right-for-me-community-housing-trust-overview","Is the CHT right for me - Community Housing Trust overview","","Intro to INHS’s Community Housing Trust answers whether CHT homeownership fits prospective buyers across Cayuga, Cortland, Chemung, Schuyler, Seneca, Tompkins, and Tioga Counties. It explains how INHS helps buyers purchase an affordable home while keeping it permanently affordable for the next owner through a joint ownership structure: buyers own the house, while INHS owns the land under a long-term ground lease. The document highlights benefits like below-market pricing, significant property tax savings, and affordable financing, along with trade-offs such as limited resale value and occupancy requirements.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/healthcare/","Healthcare",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/is-the-cht-right-for-me-community-housing-trust-overview/341599/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/is-the-cht-right-for-me-community-housing-trust-overview/341599.png","ImageObject",300,407,{"name":42,"@type":43},"Well Done","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-28","2026-09-22",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",8,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What is the Community Housing Trust (CHT)?","Question",{"text":63,"@type":64},"The Community Housing Trust is an INHS program that helps buyers purchase an affordable home and keeps it permanently affordable for the next buyer through a special ownership structure.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"How is the home and land ownership handled in the CHT?",{"text":68,"@type":64},"The homebuyer purchases the house, while INHS owns the land. The buyer has a lease on the land (a 99-year land lease) and pays a low monthly ground lease fee.",{"name":70,"@type":61,"acceptedAnswer":71},"What are the main trade-offs of CHT homeownership?",{"text":72,"@type":64},"The home’s resale value is limited and the homeowner cannot resell for full market value. 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[www.ithacanhs.org](www.ithacanhs.org)  \n(607) 277-4500  \nCheck out this short preview of the Community Housing Trust to see if CHT homeownership is right for you. If so, let us know!  \nHow does the CHT work?  \n􀀹 The Community Housing Trust is a program through INHS that helps buyers purchase an affordable home. The program also keeps the home permanently affordable for the next buyer. It is a special structure, and all INHS homes-for-sale are part of it.  \n􀀹 The CHT is a joint ownership arrangement: the homebuyer purchases the house and INHS owns the land. This keeps the price (and property taxes) low for the buyer.  \n􀀹 The homeowner has a lease on the land and for all intents and purposes can enjoy their house like any other homeowner. There is a low monthly ground lease fee ranging from $60- $110 depending on the property that is being purchased.  \n􀀹 There are benefits for buyers. They get the house for below market price, and they get big property tax savings which enables them to save thousands of dollars each year.  \n􀀹 There's also a trade-off. The home's resale value is limited. The CHT homeowner cannot resell the home for full market value – All current CHT homes are limited at a 2% increase to keep it affordable for the next buyer. Paying it forward!  \n􀀹 The property must be owner occupied at least nine months out of the year.  \n􀀹 This CHT structure benefits homebuyers by keeping housing costs affordable and the community by keeping homes affordable for the next family that comes along.  \nHow does the CHT Work?  \nYour turn!  \nThankyou!  \n3  \n\n| Step 1 | INHS builds high-quality, affordable, energy efficient home |\n| --- | --- |\n| Step 2 | The buyer purchases the home at an affordable price, with financial assistance from INHS |\n| Step 3 | The buyer owns the home and INHS owns the land (buyer has a 99-year land lease) |\n| Step 4 | The buyer (now owner!) gets a special property tax reduction and an affordable mortgage, saving them thousands of dollars every year |\n| Step 5 | The house's resale value is limited to 2% increase per year |\n| Step 6 | The owner builds equity, while keeping the house affordable for the next person when they sell |","cbCain0qOdvtHe61","https://ap.wps.com/l/cbCain0qOdvtHe61","pdf",296006,"English","# How does the CHT work?\n## Key benefits and trade-offs\n## Step-by-step overview","[{\"question\":\"What is the Community Housing Trust (CHT)?\",\"answer\":\"The Community Housing Trust is an INHS program that helps buyers purchase an affordable home and keeps it permanently affordable for the next buyer through a special ownership structure.\"},{\"question\":\"How is the home and land ownership handled in the CHT?\",\"answer\":\"The homebuyer purchases the house, while INHS owns the land. The buyer has a lease on the land (a 99-year land lease) and pays a low monthly ground lease fee.\"},{\"question\":\"What are the main trade-offs of CHT homeownership?\",\"answer\":\"The home’s resale value is limited and the homeowner cannot resell for full market value. Current CHT homes are capped at a 2% increase per year to maintain affordability for the next buyer.\"}]","Is the CHT right for me - Community Housing Trust overview | PDF",1790042755]