CCLT Waiting List Policy

In the event that CCLT has no immediate housing units available, potential homeowners are added to a waiting list. In order to be placed on the waiting list, potential buyers must:
1. Attend a CCLT orientation session
2. Fill out a CCLT housing application
3. Allow CCLT to obtain a current credit report
4. Attend a Homebuyer Education Workshop
5. Become a member of CCLT
6. Contact the Homeowner Coordinator for application review and to sign the Waiting List Agreement

Potential buyers must first complete steps one through five above. They can then request an application review and sign the Waiting List Agreement to secure their spot on the list. Potential buyers will be added to the list in the order they return their signed Agreement. In the event that potential buyers return their forms on the same day, priority is based on the date they submitted a CCLT application.

When a housing opportunity becomes available, it will be presented to potential buyers on the waiting list in numerical order. The first "ready, willing, and able" buyer, as defined herein, shall be given the opportunity to buy. Potential buyers have the right to accept or deny these opportunities without change to their waiting list status. A potential buyer will be removed from the waiting list only after their property transaction has closed. Potential buyers will be contacted periodically to confirm that they wish to remain on the waiting list and to update their information. Potential buyers who have an application on file with CCLT will be contacted by mail, so it is very important that you notify CCLT staff of any changes in your contact information.

Ready, Willing, and Able Buyers
CCLT recognizes that although potential buyers have completed the required steps listed above, they still may not be ready to buy. Because there are limited funds available, it is important to allocate funds to potential buyers who will use them in a timely manner. CCLT reserves the right to assess whether or not a candidate is ready, willing, and able to purchase a home prior to the award of funds and/or to assign contingencies to the award of funds. As used herein, "ready" means that the steps above have been satisfied; "willing" means the potential buyer is willing to close on the available property; and, "able" means that the potential buyer has the ability to close within 30 days on a CCLT-approved loan with no contingencies that cannot be satisfied within such 30 day period. Any so-qualifying potential buyer is a "ready, willing, and able buyer."