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2015 Conference

Senate Appropriations Committee Incorporates Statutory Clarification for CLTs in the FY16 THUD Appropriations Bill

The Network advocated for the incorporation of a statutory clarification relating to CLTs and the HOME program in the Senate’s FY16 Transportation, Housing and Urban Development (THUD) Appropriations bill. The statutory clarification ensures that community land trusts (CLTs) are able to maintain the right of first refusal on HOME-funded projects. This includes the right of first refusal upon resale or foreclosure.


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