109 Reeves Court - Full Application Round Opening Wednesday, 11/04/2026

109 Reeves Court exterior view

Overview

  • Price: $265,000 (CLT sales price)

  • Assistance: Up to $115,000 in affordability assistance available, specific amount determined based on household income

  • Estimated market value: Approximately $330,000

  • Income requirement: This home is available to households earning under 120% of Area Median Income (AMI)

Key Features

  • 3 bedrooms

  • 3 bathrooms

  • Historic charm in prime location near downtown, Greenway, Lincoln Park, and Phoenix Elementary

  • Detached double-stall garage

109 Reeves Full Application
109 Reeves front exterior
109 Reeves Living Room
109 Reeves Living Room looking into Dining/Kitchen
PXL_20261030_140020794.jpg
109 Reeves
PXL_20261030_140259304.jpg
PXL_20261030_140544998.jpg
PXL_20261030_140906617.jpg
PXL_20261030_141031529.jpg
PXL_20261030_141243068.jpg
PXL_20261030_141335101.jpg
PXL_20261030_141351552.jpg

What is a CLT?

Homebuyers purchase the home’s structure and improvements, while GFCLT retains land ownership to keep the price affordable. When you sell in the future, you share a portion of the appreciation with GFCLT to preserve affordability for the next buyer.

About Eligibility

To qualify for GFCLT homes, households typically must:

  • Live or plan to live in Grand Forks County

  • Earn ≤ 120% of area median income

  • Be able to qualify for a mortgage (GFCLT refers local lenders)

How It Works

A community land trust separates ownership of land from the home. You buy the home and build equity, while GFCLT retains the land to keep prices permanently affordable.

Working With a Realtor

GFCLT will pay a 3% commission to buyer’s agents upon closing. This encourages professional representation and helps buyers navigate financing and inspections.