The Community Land Trust Association of West Marin purchased its third home this year: a two-bedroom, one-bath home at 60 Third Street in downtown Point Reyes Station. At $630,000, it is the most expensive home the trust has bought this year, but a $100,000 gift from an anonymous donor and $375,000 in low-interest loans from CLAM supporters made it possible. The remaining funds came from reserve funds, and over the next year or two, CLAM will seek additional funds to pay back the loans. The sale was still far below market value: Though the trust did not get a formal appraisal, the property is assessed at $950,000. The house sits across the street from another home the trust purchased in October for $500,000. The late Ruth Fleshman gave CLAM the first right of refusal for her house at 35 Third Street. That property was appraised at just over $1 million and CLAM is nearly finished with septic improvements, flooring, termite extermination and repairs. It will be available to rent in June. Stacy Laumann, deputy director for the land trust, described 60 Third Street as “uninhabitable,” and the trust expects it will not be ready to either rent or sell until early 2024. In January, CLAM will look for community members to help paint and work on the yard. The home was built in 1912 by Quinto Codoni, who owned a number of properties on the block. Lavinia Adams, who worked as a librarian for the railroad-car library, and her husband, Jesse, who worked at the Emporium, lived in the home for years during the ‘50s. In the ’80s, it housed the Point Reyes Medical Clinic, where many babies were born. Darold Sims bought the property in the early ‘80s, sometimes living there and other times renting the home as an office space or storefront. After a group of rowdy tenants left the place in tatters, Mr. Sims planned a remodel, but the space has been empty for years. “There were several people who wanted it,” Mr. Sims said. “The trust gave me a very fair offer for a good piece of historical property.” As a part of the contract, Mr. Sims, who is part Cherokee, will create a two-foot-tall sculpture made from weathering steel of an Indian on horseback chasing a buffalo. The sculpture will sit beside the driveway. CLAM operates 21 rentals as affordable housing units in West Marin, including two homes that were sold to owners on 99-year leases while the trust retained ownership of the land. The Bolinas Community Land Trust followed this model in September with its new homes on the Big Mesa. Besides purchasing the two homes on Third Street, in January, CLAM arranged to buy 15 Cypress Road from Bobbi Loeb on a retained life estate. When Ms. Loeb passes, the trust will inherit the Point Reyes Station property and turn it into three affordable units. The project cost $700,000, of which $550,000 paid for the home while the rest covered initial repairs. The property consists of a two-bedroom main house, a detached room and an accessory dwelling unit.