Using the Community Land Trust (CLT) model, the MWCLT creates homes that are sold to qualified buyers, while retaining ownership of the land beneath the houses. These homes receive permanent subsidy that stays in the home and allows the home to be sold below market value. As an affordable alternative to renting, the CLT model allows families to build wealth through their monthly mortgage payments. In exchange for buying the house at a lower price, a CLT homeowner agrees to pass on the savings and sell the home at a price that is affordable to someone in a similar financial situation. The new resale price is determined by the increase in the Richmond region’s Area Median Income (AMI). In addition to its activities as a community land trust, the MWCLT is also the land bank for the localities it serves, making it the first combined community land trust/land bank in the country. In this capacity, the CLT receives property from localities and works with stakeholders to convey it to uses that benefit the community, with affordable housing as its highest priority.