Approved 3.0 credit, live and live-stream course, on how to value community land trust properties in accordance with GSE Guidelines. Available in person or via Zoom.
Who Should Attend: All Montana residential real estate appraisers and reviewers, specifically including those who are currently working in the secondary market lending space: developing appraisal reports for loans that are ultimately purchased by Freddie Mac, Fannie Mae or others.
Course Description: This 3.0 credit hour, live and live-stream course, developed by Trust Montana, a non-profit organization operating as a CLT in the state of Montana, presents general information on the CLT model as one solution to providing affordable housing in perpetuity, and the recognized method for appraising these properties so they are affordable for low- to moderate-income homebuyers and qualify to be purchased on the secondary market. Attendees will learn how a community land trust operates, the legality of the model, about the CLTs operating in Montana, the way the model ensures housing remains affordable in perpetuity, the lender’s role with the appraiser, and the method for valuing CLT properties to meet the requirements of CLTs and lenders.The course will conclude with a detailed example demonstrating the valuation of a Leasehold Interest and the proper completion of the appraisal report, specifically in accordance with Fannie Mae requirements.
Audit the Course: If you are not a real estate appraiser and are not seeking CE credit but interested in this course, please email firstname.lastname@example.org to get information for auditing the course via Zoom.