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This topic contains 0 replies, has 1 voice, and was last updated by  Amy Kaufman 2 years ago.

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    Amy Kaufman

    We are wondering if CLTs or other housing organizations have asset limits in addition to income limits. If so, can you share those limits? Or if not, do you a policy?

    Also, upon resale of CLT properties that remain affordable in perpetuity, how many days do your provide in your ground lease to “exercise your option” to purchase a home, and how many days to close the transaction?

    Along the same vain, does anyone have a policy/fund for handling the cost of repairs or maintenance upon resale of an affordable home that were not done by the current/original owner? Do you have language in your ground lease that encourages those repairs or maintenance?

    Amy Kaufman
    Community Partners for Affordable Housing
    Highland Park, IL

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