San Juan Community Home Trust

What San Juan Community Home Trust does

San Juan Community Home Trust is a 501(c)(3) nonprofit Community Land Trust (CLT) founded in 2001 on San Juan Island, Washington. It is the sole organization on the island dedicated to developing and stewarding permanently affordable housing for low- and moderate-income residents. Through the CLT model, the Home Trust retains ownership of the land beneath each home and sells only the improvements to income-qualified buyers (earning at or below 80% AMI for subsidized homes and up to 115% AMI for moderate-income homes), separating land from improvements via ground leases and binding resale price formulas that cap annual appreciation at 1.5% compounding for post-2020 homes. To date, it has built 49 permanently affordable homes across four completed neighborhoods (Salal, Sun Rise I, Sun Rise II, HolliWalk), housing 107+ island residents including 30 children, with 40 more rental units (Lee's Landing) and 8-12 additional for-sale homes (Sun Rise III) in development.

The Home Trust's revenue is non-traditional. It derives from one-time subsidized home sales, monthly HOA and administrative fees on the 49 existing homes, government grants (WA State Housing Trust Fund, CDBG, SHOP, San Juan County Home Fund), and private donations (including IRA Qualified Charitable Distributions, stock transfers, employer matching, estate planning bequests, and merchant programs like King's Market 1% receipt giving). Buyers are acquired through a structured waitlist and screening process at application.hometrust.org, mandatory homebuyer education, and orientation sessions; homes never enter the open market. Construction emphasizes sustainability - HolliWalk exceeds state energy codes by ~18% using triple-glazed windows, photovoltaic readiness, high R-value insulation, bamboo flooring, and air-to-air heat exchangers.

Operationally, the Home Trust runs on a lean team of approximately four staff (Executive Director, Director of Finance) plus contract project managers and a 14-member Board of Directors. Strategic leadership transitioned in 2025-2026 with the departure of Executive Director Amanda Lynn, an interim period under Board President Paul Fischburg, and the appointment of Jess Blanch (effective June 15, 2026) from Enterprise Community Partners. Its principal development partners are the Town of Friday Harbor (Development Agreement and PRD approvals), San Juan County (land conveyance and Home Fund grants), and the San Juan Island Community Foundation (capital campaign lead for Lee's Landing).

Name

San Juan Community Home Trust

Legal name

San Juan Community Home Trust

Website

https://hometrust.org

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

1–10 employees

Short description

San Juan Community Home Trust is a nonprofit Community Land Trust founded in 2001 that develops and stewards permanently affordable homeownership and rental housing on San Juan Island for low- and moderate-income residents using deed restrictions and ground leases.

Ownership category

akta.pro rank

Product category

Affordable Housing / Community Land Trust

NAICS

Residential Property Managers (531311), New Housing For-Sale Builders (236117)

SIC

Operators Of Apartment Buildings (6513), Real Estate (6500)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industry

HOA / Condominium Association Management (BPAJAFAH)

Keywords

• Affordable housing development
• Community land trust
• Permanently affordable homes
• Deed-restricted resale
• Nonprofit housing stewardship

Headquarters

HQ city

Friday Harbor

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Home Sales (Affordable Housing Units): The Home Trust sells newly constructed or developed homes at subsidized prices to income-qualified buyers. Homes are priced far below market rate thanks to grants and donations that subsidize land, infrastructure, and construction costs. Homebuyers obtain mortgages for the affordably priced homes. This is a one-time transactional revenue per home.
2. Monthly Homeowner Fees (HOA and Administrative): Homeowners pay a monthly fee to the Home Trust for maintenance reserves, shared neighborhood costs, and a low monthly administrative fee. This provides a recurring revenue stream for ongoing operations and stewardship of neighborhoods.
3. Private Donations and Charitable Grants: Over one third of each home's subsidy comes from private donations. The organization receives private donations, federal/state government grants, and San Juan County Home Fund grants to subsidize land, infrastructure, and construction. More than 30% of Lee's Landing funding is expected from local donors.
4. Donations (Tax-Deductible Charitable Contributions): The organization accepts tax-deductible donations via check, stock transfers (Charles Schwab), IRA Qualified Charitable Distributions (up to $100,000 for those 70.5+), employer matching gifts, estate planning bequests, and King’s Market community receipts (1% of receipt value donated). EIN: 91-2150712.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

San Juan Community Home Trust develops, sells, and stewards permanently affordable homes for low- to moderate-income residents of San Juan Island through a Community Land Trust model that separates land ownership from home ownership. Homes are sold below market rate to income-qualified buyers (≤80% AMI for subsidized, ≤115% AMI for moderate) subject to deed restrictions and a resale price formula (1.5% annual cap for post-2020 homes). The organization also provides homebuyer education and operates four completed neighborhoods plus two developments in progress.

Product overview

San Juan Community Home Trust operates as a Community Land Trust (CLT) nonprofit organization providing permanently affordable housing for low-to-moderate-income residents of San Juan Island. The organization manages multiple housing neighborhoods (Salal, Sun Rise I, Sun Rise II, and HolliWalk) totaling 49 completed homes, with upcoming developments including Lee's Landing (40 rental homes), Sun Rise III (8-12 homes), and McDonald single-family home. The CLT model separates land ownership from home ownership through ground leases, ensuring homes never enter the open market. The organization also provides homebuyer education programs, manages resale formulas for permanent affordability, and runs community fundraising events including the Ride for Housing and Summer Music Series.

Differentiator

Problem solved

Functional benefit

Products and services

• Community Land Trust (CLT) Homeownership Program A nonprofit homeownership program that provides permanently affordable housing for low-to-moderate-income residents of San Juan Island by separating land ownership from home ownership through ground leases and resale price restrictions. Homes are sold to income-qualified buyers (≤80% AMI subsidized; ≤115% AMI moderate) at below-market prices.
• Salal Neighborhood The Home Trust's first neighborhood, consisting of 15 single-family homes on 2.4 acres off Carter Avenue in Friday Harbor. 2–3 bedroom homes priced at $113,000–$136,000. Total development cost: $3,091,933.
• Sun Rise I Neighborhood The Home Trust's second neighborhood featuring 14 sustainably designed duplexes and triplexes around a central courtyard, with solar hot water heating, rainwater catchment, bamboo flooring, and air-to-air heat exchangers. 1–4 bedroom homes priced at $130,000–$190,000. 12 homes at ≤80% AMI; 2 homes at ≤115% AMI. Total development cost: $5,640,899.
• Sun Rise II Neighborhood A unique pocket neighborhood of 12 recycled single-family homes from the early 1900s to 1943, barged from British Columbia and restored. 2–4 bedroom homes priced at $158,015–$212,500. Total development cost: $4,094,100.
• HolliWalk Neighborhood The Home Trust's fourth neighborhood featuring eight high-quality, energy-efficient homes across four duplexes, with triple-glazed windows, photovoltaic readiness, and 18% better than state energy codes. 2-bedroom, 2-bath homes at $190,000. Total development cost: $4,500,000. Funded through private donations ($1,250,000), San Juan County Home Fund ($1,682,000), WA State Housing Trust Fund ($500,000), and WS Set Loan ($1,000,000).
• Lee's Landing (formerly Argyle Affordable Housing Project) Upcoming development of up to 40 affordable rental homes in Friday Harbor's Historic District, named in honor of co-founder Lee Sturdivant. Funded by $15 million in public loans and grants, with 30% expected to come from local donors.
• Sun Rise III Project Planned expansion of 8–12 affordable homes situated between Sun Rise I and Sun Rise II on Grover Street.
• McDonald Project Single-family home development on McDonald Street, gifted by David and Patricia Giuliani.
• Homebuyer Education Program Comprehensive homebuyer education including Washington State Housing Finance Commission seminars, CLT orientation sessions, and application assistance for income-qualified buyers pursuing CLT homeownership.

Quantifiable outcome

• 107 locals housed across 49 permanently affordable homes
• +5 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• San Juan Island Community FoundationcoreStrategic or Co-development Partner · 1 January 2026The San Juan Island Community Foundation is leading the capital campaign for the Lee's Landing (Argyle) project, which has already raised funds for pre-construction. The foundation serves as a key fundraising partner for the organization's largest development initiative, helping to secure community support and charitable contributions.
• King's MarketminorOthersKing's Market (including King's Marine) participates in a community donation program, contributing 1% of the value of customer receipts to the Home Trust. Customers can send their receipts to the Home Trust, and King's donates 1% of the total value back to support affordable housing.
• Town of Friday HarborcoreStrategic or Co-development PartnerThe Town of Friday Harbor has signed a Development Agreement with the Home Trust outlining the approval process for the Argyle/Lee's Landing project. The Town Council reviews site plans, holds public hearings, and approves variances and Planned Residential Development designations for Home Trust projects. The Town also holds hearings for HolliWalk PRD approval.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• OPAL Community Land Trust: Community Land Trust on Orcas Island, Washington, operating an identical CLT model for permanently affordable housing in the San Juan County archipelago. Directly comparable mission, geography, and income-targeted homeowner program.
• Champlain Housing Trust: The largest community land trust in the United States, based in Burlington, Vermont. Operates the same shared-equity CLT model with ground leases, resale price formulas, and steward-side stewardship of permanently affordable homes.
• Vashon Maury Island Community Land Trust: Community Land Trust serving another island community in Washington state with permanently affordable housing through ground leases and deed restrictions. Closely comparable Pacific Northwest island-CLT model.
• Burlington Community Land Trust (Vermont): Long-standing Vermont CLT using the same shared-equity resale formula and ground lease structure to keep homes affordable across successive owners. Comparable CLT operating model and mission.
• Homestead Community Land Trust: Washington-state CLT serving the greater Seattle/King County region. Operates a shared-equity CLT with permanent affordability deed restrictions, comparable funding stack (public + private), and similar income-qualified buyer pools.

Broad incumbents

• Habitat for Humanity: National nonprofit affordable housing developer. Builds affordable homes for low-income households but does not use the perpetual ground-lease CLT model, serving as a broader incumbent in affordable housing development.
• Mercy Housing: Large national nonprofit that develops and manages affordable rental and ownership housing. Operates at much greater scale and broader geography than the Home Trust but competes for the same public grants and donor dollars.
• Enterprise Community Partners: National nonprofit affordable housing and community development organization. The Home Trust's incoming ED previously led programs there overseeing 11,000+ affordable homes; Enterprise partners with and supports smaller CLTs.

Others

• Washington State Housing Finance Commission: State agency providing homebuyer education, bond financing, and down-payment assistance that the Home Trust relies on for its funding stack. A key enabling partner rather than a direct competitor.

Regional players

• San Juan County Housing Authority: Local government housing authority administering federal housing subsidies and affordable housing programs in San Juan County. Provides the public funding that subsidizes Home Trust projects and serves overlapping low-income residents.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/sanjuanhome
• LinkedInlinkedin.com/company/san-juan-community-home-trust

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about San Juan Community Home Trust