Cass Clay Community Land Trust Hires Executive Director
- June 10, 2020
Trenton Gerads has been hired as the Executive Director of the Cass Clay Community Land Trust (CLT). The Cass Clay CLT is a nonprofit, community-based organization that provides sustainable and affordable workforce housing.
“Homeownership is the basis for strong neighborhoods and strong communities, and the Cass Clay Community Land Trust will help ensure homeownership is attainable for those who call our community home,” said Board President Rocky Schneider. “We are excited to have Trenton on board. He has the experience and passion to connect the local workforce with the dream of homeownership.”
For the past 20 years, Gerads has served the Cass-Clay community. He graduated from MSUM with a degree in Elementary Education and has turned his passion for teaching into a successful nonprofit career. Throughout his career, Gerads has served in a variety of positions, including Director of Development, Chief Operating Officer, and Executive Director. Most recently, he served as the Director of Development for The Village Family Service Center. He is passionate about helping others succeed and leaving the community better than he found it.
“I am honored to have the opportunity to provide families with affordable housing throughout our community,” said Gerads.
About the Cass Clay Community Land Trust:
The Cass Clay Community Land Trust is a nonprofit, community-based organization that provides sustainable and affordable workforce housing. This organization was created by the FM Area Foundation in response to the local growing affordable housing needs.
Cass Clay CLT will be operated with an initial and primary purpose to preserve the quality, availability and affordability of owner-occupied homes to be built, made and kept affordable for households that meet the federal ‘low-income’ definition (with incomes below 80% of area median income) as well as households in the ‘missing middle’ (with incomes between 80%-100% of local median income) in the region. This is accomplished through a Shared Equity Model. The CLT provides the qualified homebuyer a subsidy to buy down the necessary mortgage, and lower monthly payments. In return, ownership of the land on which the home is located goes to the CLT and it is leased back to the homebuyer.