Community land trusts.

CFR · 2024-01-01 · US · Title 7

Eligible dwellings located on land owned by a community land trust may be financed if: (a) The loan meets all the requirements of this subpart; and (b) Any restrictions, imposed by the community land trust on the property or applicant are: (1) Reviewed and accepted by RHS before loan closing; and (2) Automatically and permanently terminated upon foreclosure or acceptance by RHS of a deed in lieu of foreclosure.

official document · source cfr-2024 · id 7:§ 3550.72