Frequently Asked Questions

Still have questions? Take a look at the FAQ or reach out anytime. If you’re feeling ready, go ahead and apply.

Apply to ECLT

  • Join the interest list on our website to receive email updates. Start your application process through ECLT found on their website: Application Process - Elevation Community Land Trust and schedule a tour of the building!

  • They will be ready for move-in in Spring 2026! You can go under contract on a home in March 2026!

  • Homes are offered based on eligibility, readiness to proceed, and Lender Qualification. Tour the building, then call a lender to get pre-qualified. You will then be able to select a unit and go under contract with 60 days to get your full ECLT approval. 

  • You'll need a minimum of $3,000 saved, with $1,000 as earnest money due when going under contract and $2,000 in reserves at closing. Down payment assistance and gifts can be used for both down payment and closing costs.

  • Thanks to CHFA’s Drive It Home Program, we are able to offer our homebuyer 30-year mortgages at 3.5%!  This makes your monthly payment affordable. 

  • No. The CHFA Drive It Home loan is a fixed-rate 30-year mortgage.

  • Your monthly mortgage payment depends on factors like your  down payment, and other considerations determined by your ECLT participating lender. Our mission is to ensure your mortgage payments are both affordable and sustainable.

  • Elevation Community Land Trust retains ownership of the land, while homebuyers purchase the improvements.

  • Yes, there is a $100 lifetime land lease fee to ECLT and an HOA fee. Both fees will be factored into your mortgage payment to maintain affordability.

  • For assistance, please email ECLT at info@elevationclt.org or call (720) 822-0052.

  • To determine if you qualify, please check the Metro Denver Income and Asset limits on our website. Additionally, you can use ECLT’s convenient pre-screener tool available at Pre-screener Tool.

  • No, you cannot own additional residential property at the time of purchase.

  • You have the right to sell your home at any time. Check with your lender for any requirements or penalties.

  • A homebuyer needs to qualify at the time of purchase only.

  • If your home appreciates, you'll also get 25% of the appreciation. Resale price follows the ECLT resell formula explained in their New Homeowner Orientation.

  • Homeowners may leave, give, or sell your house to your spouse, children, or other members of your household (defined as people who have lived with you for one year) without the need for those persons to qualify for the program, but they must agree to a new land lease upon inheritance.

  • Yes, and if you make qualified improvements, a credit may be added to the resale price for those improvements.

  • Refinancing your home is allowed but requires written approval from ECLT. The refinance amount is limited to maximize debt within resale price limits.

  • Yes, you can have a roommate. Rent charged to the roommate must not exceed 50% of housing costs. A roommate entering the home at purchase must be on the application to live in the home and must qualify as a household member.

  • ECLT works with a select group of mortgage lenders. Currently we are limited to using TBD. See contact info on our website. The full list of participating lenders on ECLT’s website will open up later in the year. Please see our lenders page.

  • ECLT strives to process all applications as quickly as possible. It generally takes about 3-4 weeks to qualify.

  • Pets are allowed within our community; however, there are some guidelines to follow. You are permitted to have a total of 2 dogs and cats combined in your unit. This means you can have 2 dogs, 2 cats, or 1 dog and 1 cat. Birds, fish, and other small household pets, excluding dogs and cats, should be housed in appropriate cages or tanks within your unit. Please note that keeping pigs and other swine is expressly prohibited.

  • Yes!  All kitchen appliances on site and even a washer and dryer are included!

  • Select 3 bedrooms units come with the use of a reserved parking space.  1 and 2 bedroom units do not.

  • Item description

  • Select units are ADA – Please inquire with our sales team to tour these units.

  • Yes. Homes include a builder warranty covering workmanship and materials, as well as applicable manufacturer warranties.

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