Choosing a Resale Formula
Preserving the affordability of the housing sponsored by a CLT is mostly a matter of choosing the right resale formula. Whether embedded in a ground lease or a durable affordability covenant, this formula will determine the future price for which homes will either be repurchased by the CLT or conveyed directly from one income-eligible homebuyer to another (with the CLT’s oversight). The materials collected (or referenced) in this section of the CLT RESOURCE CENTER examine the different approaches to designing a resale formula and provide guidance for a CLT’s organizers in weighing the advantages and disadvantages of each.
- Comparing Resale Formulas – An Interactive, Comparative Tool
- Comparing the Four Major Approaches to Resale Formulas
- Designing Resale Formulas
- Goals in Designing a Resale Formula
- Lands in Trust, Homes That Last – A Performance Evaluation of the Champlain Housing Trust – John Davis and Alice Stokes, 2009
- Additional resale formula materials: