Developing, Marketing & Financing CLT Homes
The development, marketing, and financing of resale-restricted, owner-occupied homes on land that is leased land from a CLT can present a unique set of challenges. The materials collected (or referenced) in this section of the CLT RESOURCE CENTER: examine issues that arise when developing CLT homes and using HOME and other public subsidies to make these homes affordable; review lender concerns when they are asked to finance CLT homes; provide tips on marketing CLT homes and selecting CLT homebuyers; and offer easy access to the lease rider, appraisal guidelines, and other advisories issued by Fannie Mae.
- Making CLT Homes Affordable
- Funding, Chapter 7 of Starting a CLT: Organizational and Operational Choices – John Davis
- Community Land Trusts and the HOME Program
- Community Housing Development Organization (CHDO) Definition
- Community Land Trusts and the HOME Program – CPD93-42
- Using HOME with Community Land Trusts
- Summary of HUD Regulations Affecting CLTs
- Additional materials on developing, financing and marketing CLT homes:
- Project Planning and Pricing, Chapter 18 of CLT Technical Manual
- Subsidy Structure, Chapter 19 of CLT Technical Manual
- Financing CLT Homes, Chapter 20 of CLT Technical Manual
- Marketing, Buyer Assistance, Buyer Selection, Chapter 21 of CLT Technical Manual
- CLT Real Estate Transactions, Chapter 22 of CLT Technical Manual