Housing Easement Homes

Housing easement homes create homebuying options for middle-income households


We do not currently have any housing easement homes available for sale.




How it works

 
 
 

Housing Easement ownership requirements

In a Housing Easement home, the purchase price is lowered and MHT retains a silent equity portion of the home. In exchange for this more affordable purchase price, owners simply ensure that:

  1. The home is occupied by a full time resident of the Methow Valley.

  2. If the home is not occupied by the owner, the home can be rented, but not for a profit, nor can the home be used for a short term/ nightly rental.

  3. The Methow Housing Trust retains the right of first opportunity to purchase the home at Fair Market Value.


Housing Easements are 100% voluntary and community-driven.

MHT provides a legal mechanism to facilitate housing conservation.

Here is What we know:

  • The Methow Housing Trust’s core Community Land Trust homes serve up to 1.5x AMI (or, 85% of the community). This work will remain foundational to meeting our mission.

  • There is an upper-limit on the number of houses the Methow Valley can support.

  • Demand for homes in the Methow Valley is inelastic: meaning high earners from outside the valley will continue to pay higher prices to purchase a home.

  • Market homeownership is out of reach for those that live and work in the Methow Valley: it requires 2.5-3x Area Median Income in order to afford the Median home price.

  • Unless we ensure there is housing available for all local-earning incomes, and enough housing remains occupied by full-time residents, the cultural and economic future of the valley is uncertain.



Please contact Simon or Danica with any questions or inquiries.