Community Land Trust (CLT) Appraisal Training

Description

NEW SEMINAR PREMIERES DECEMBER 1! 

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.

 
 
 
Sponsor Date Location Delivery Format Check
State Approvals
 
Appraisal Institute December 1, 2022 Synchronous  Check Register
Appraisal Institute December 6, 2022 Synchronous  Check Register
Appraisal Institute December 9, 2022 Synchronous  Check Register
Appraisal Institute December 14, 2022 Synchronous  Check Register
Appraisal Institute January 30, 2023 Synchronous  Check Register
Appraisal Institute February 2, 2023 Synchronous  Check Register

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

Who should Enroll

Residential appraisers, Lenders

Objectives

  • 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.

Prerequisites

None

Exam

No Exam

Level

Intermediate

Class Time

4

Assignments

No

Program Overview


Required and/or Recommended Equipment

None

System Requirements

None specified

Additional Information

Seminar Material Includes:
  • Seminar Handbook (94 pp.)

Book Recommendations

None specified