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Community Land Trust (CLT) Appraisal Training
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NEW SEMINAR! There is
an approximate housing supply shortage of 3.8 million units in the U.S. – but community
land trusts (CLTs) can help keep more homes affordable. CLTs are typically
managed by public or nonprofit organizations and use a self-sustaining model
for lasting affordability. CLTs sell a home at below-market value to an
eligible homebuyer who secured financing from a lender. In exchange for getting
an affordable home, the homeowner agrees to certain restrictions on home
resale. To meet the growing demand for CLTs, Freddie Mac and the Appraisal Institute are offering comprehensive training to provide appraisers with the tools and
knowledge they need to accept and complete more CLT appraisal assignments.
Enroll today to grow your business and increase
affordable homeownership opportunities.
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| Sponsor |
Date |
Location |
Delivery Format |
Check
State Approvals |
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| North Star Chapter |
June 8, 2023 |
Bloomington, MN |
Classroom |
Check |
Register |
| Connecticut Chapter |
September 14, 2023 |
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Synchronous |
Check |
Register |
| Nevada Chapter |
October 13, 2023 |
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Synchronous |
Check |
Register |
| Washington Idaho Montana Chapter |
October 13, 2023 |
Missoula, MT |
Classroom |
Check |
Register |
| Washington Idaho Montana Chapter |
October 13, 2023 |
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Synchronous |
Check |
Register |
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Program State Approval & Hours
Some AI educational programs may not be approved in every state and every delivery format. To see a list of all state approvals across all formats for this course, please use the link below.
View all approvals for this course
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Residential appraisers, Lenders
- Define community land trusts (CLTs)
and their purpose.
- Understand the CLT shared
equity ownership model—residential home ownership on CLT-owned land.
- Identify fee simple,
leased fee, and leasehold interests.
- Review the ground lease purpose,
restrictions, and provisions.
- Recognize primary and secondary lending sources.
- Identify CLT resale
formulas.
- Select appropriate comparable sales.
- Identify supplemental assignments conditions for each of the secondary lenders that purchase CLT mortgage loans.
- Understand appropriate
methodology for supporting an appropriate leased fee value opinion.
- Understand appropriate methodology for developing and reporting a credible opinion of leasehold value.
- Identify required
data/fields for CLT valuations that meet supplemental assignment requirements for
secondary market lenders.
- Review
a sample report for compliance with applicable standards and supplemental
assignment requirements.
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Appraisal Institute CE Points
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Required and/or Recommended Equipment
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Classroom Seminar Material Includes: - Seminar Handbook (92 pp.)
Synchronous Seminar Material Includes: - Seminar Handbook (92 pp.)
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