MACLL is a not-for-profit Community Land Trust
established in 2009 by residents of Mount Alexander Shire,
in Central Victoria.
Our purpose is to acquire land to provide a range of secure and perpetually affordable housing. These sites will be for sale or long term rental.
Together we can channel more of our housing payments to keep such payments within community!
MACLL enjoys the support of the Mount Alexander Shire Council.
How?
01.
Separating the ownership of land from the ownership of the house enables low income households to purchase a home without the associated land costs. That’s a 60% reduction in deposits required for a detached home. It also saves a similar amount over the lifetime of the loan, not having to pay interest on the land cost.
02.
Whilst you own your own house, ownership of the land remains with MACLL in perpetuity. The land component is leased with applicants signing 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. Yes, we are locking in perpetual affordability!
MACLL Partners & SUPPORTERS
