Our Properties

7 Summer St

 We officially acquired our first property in the summer of 2022. This project, funded by the City of Somerville, the Somerville Affordable Housing Trust Fund, and Winter Hill Bank, brings five permanently affordable homes to Somerville’s Union Square Neighborhood. The newly constructed condominium building sits atop land that will be stewarded in perpetuity by the Somerville Community Land Trust.

In spring of 2023, we welcomed our first five families! We are working hard to acquire our next property and continue making progress toward our goal of providing affordable homeownership opportunities to low- and moderate-income Somerville residents.

12 Pleasant Ave

Acquired in January 2024, this multifamily rental building includes six 2-bedroom apartments that were already home to six households. We are thrilled to share tenancies have been preserved!  

The City of Somerville Office of Housing Stability provided financial support to the Community Action Agency of Somerville (CAAS)  to unionize tenants at 12 Pleasant Ave. after tenants informed CAAS that the property was to be sold. With support from CAAS, tenants successfully remained in their homes while the SCLT coordinated with the City of Somerville Housing Division to secure financing through the Affordable Housing Trust Fund and purchase the building. The SCLT is proud to establish strong, honest and committed relationships with all of its residents and has laid the groundwork to accomplish this. To quote a current tenant:

CAAS have been excellent advocates for the tenant's union and effectively supported us in our negotiations with the prior landlord. SCLT has been very communicative and transparent throughout the sale process. I believe that SCLT's acquisition of the building is a "best case scenario" for us tenants. I am excited about SCLT's plans to make the building permanently affordable and look forward to working with them.