First Homes

Founded in 1999, First Homes provides an innovative example where a large community anchor institution, Mayo Clinic, used a community land trust model to meet the employer's workforce housing objectives. Since 1999, $14 million has been raised and 650 new residences have been built. The total includes more than 420 new single-family homes (including nearly 50 community land trust properties) and more than 225 new below-market-rate rental units.

POINT (-92.46295 44.0234)