What is Mount Alexander Community Land Ltd?
MACLL is a not-for-profit Community Land Trust. With low income earners and health care card holders in mind, the organisation was established by residents of Mount Alexander Shire, in Central Victoria. Its purpose is to acquire land and provide a wide range of secure and perpetually affordable housing, either for sale or long term rental. MACLL enjoys the support of the Mount Alexander Shire.
Separating the ownership of land from the ownership of the house enables low income households to purchase a home without the associated land costs. While you own your own house the ownership of the land remains with MACLL in perpetuity. The land component is rented with applicants signing of a Ground Lease. Tenants and owners enter agreements regarding the future sale or transfer of the house so that it remains affordable for subsequent buyers or renters. Generally, homes are sold back to MACLL.