source:
  type: regulation
  id: usda-7cfr-3555.206
  authority: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.206 — Special requirements
    for community land trusts
  description: '7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program, §3555.206 Special requirements
    for community land trusts. Captured section-complete (all subsections verbatim).

    '
obligations:
- id: usda-7cfr-3555.206-full
  canonical_id: usda-7cfr-3555.206-full
  section: 7 CFR §3555.206
  description: 'Special requirements for community land trusts: A community land trust must meet the definition
    in accordance with &#xA7; 3555.10 and other requirements described in this subpart. Loans may be guaranteed
    for dwellings on land owned by a community land trust only if:'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.206
    source_class: ecfr-xml
    source_url: https://www.ecfr.gov/current/title-7/subtitle-B/chapter-XXXV/part-3555
    snapshot_id: 60bd6fb03befa14c
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:f1f884c828bb807baf369d30e1a9479648dfa62165e28511a0730ed785181a8b
    paragraph_quote: 'A community land trust must meet the definition in accordance with &#xA7; 3555.10 and other
      requirements described in this subpart. Loans may be guaranteed for dwellings on land owned by a community
      land trust only if:'
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.206 (whole section) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
- id: usda-7cfr-3555.206-a
  canonical_id: usda-7cfr-3555.206-a
  section: 7 CFR §3555.206(a)
  description: 'Special requirements for community land trusts — (a): (a) Rural Development review. Rural Development
    reviews and accepts any restrictions imposed by the community land trust on the property or applicant before
    loan closing. The Agency may place conditions on the approval of restrictions on resale price and rights of
    first refusal.'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.206
    source_class: ecfr-xml
    source_url: https://www.ecfr.gov/current/title-7/subtitle-B/chapter-XXXV/part-3555
    snapshot_id: 60bd6fb03befa14c
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:f1f884c828bb807baf369d30e1a9479648dfa62165e28511a0730ed785181a8b
    paragraph_quote: (a) Rural Development review. Rural Development reviews and accepts any restrictions imposed
      by the community land trust on the property or applicant before loan closing. The Agency may place conditions
      on the approval of restrictions on resale price and rights of first refusal.
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.206 subsection (a) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
- id: usda-7cfr-3555.206-b
  canonical_id: usda-7cfr-3555.206-b
  section: 7 CFR §3555.206(b)
  description: 'Special requirements for community land trusts — (b): (b) Foreclosure termination. The community
    land trust automatically and permanently terminates upon foreclosure or acceptance by the lender of a deed in
    lieu of foreclosure.'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.206
    source_class: ecfr-xml
    source_url: https://www.ecfr.gov/current/title-7/subtitle-B/chapter-XXXV/part-3555
    snapshot_id: 60bd6fb03befa14c
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:f1f884c828bb807baf369d30e1a9479648dfa62165e28511a0730ed785181a8b
    paragraph_quote: (b) Foreclosure termination. The community land trust automatically and permanently terminates
      upon foreclosure or acceptance by the lender of a deed in lieu of foreclosure.
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.206 subsection (b) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
- id: usda-7cfr-3555.206-c
  canonical_id: usda-7cfr-3555.206-c
  section: 7 CFR §3555.206(c)
  description: 'Special requirements for community land trusts — (c): (c) Organization. The organization must meet
    the definition of a community land trust as defined in the Housing Act of 1949 and the following requirements:
    (1) Be organized under State or local laws. (2) Members, founders, contributors or individuals cannot benefit
    from any part of net earnings of t…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.206
    source_class: ecfr-xml
    source_url: https://www.ecfr.gov/current/title-7/subtitle-B/chapter-XXXV/part-3555
    snapshot_id: 60bd6fb03befa14c
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:f1f884c828bb807baf369d30e1a9479648dfa62165e28511a0730ed785181a8b
    paragraph_quote: '(c) Organization. The organization must meet the definition of a community land trust as defined
      in the Housing Act of 1949 and the following requirements: (1) Be organized under State or local laws. (2)
      Members, founders, contributors or individuals cannot benefit from any part of net earnings of the organization.
      (3) The organization must be dedicated to decent affordable housing for low-and moderate-income people. (4)
      Comply with financial accountability.'
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.206 subsection (c) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
- id: usda-7cfr-3555.206-d
  canonical_id: usda-7cfr-3555.206-d
  section: 7 CFR §3555.206(d)
  description: 'Special requirements for community land trusts — (d): (d) Lender documentation. The lender''s file
    must contains documentation that the community land trust has community support, local market acceptance and
    2 years of prior experience in providing affordable housing.'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.206
    source_class: ecfr-xml
    source_url: https://www.ecfr.gov/current/title-7/subtitle-B/chapter-XXXV/part-3555
    snapshot_id: 60bd6fb03befa14c
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:f1f884c828bb807baf369d30e1a9479648dfa62165e28511a0730ed785181a8b
    paragraph_quote: (d) Lender documentation. The lender's file must contains documentation that the community
      land trust has community support, local market acceptance and 2 years of prior experience in providing affordable
      housing.
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.206 subsection (d) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
- id: usda-7cfr-3555.206-e
  canonical_id: usda-7cfr-3555.206-e
  section: 7 CFR §3555.206(e)
  description: 'Special requirements for community land trusts — (e): (e) Appraisals. A property located on a site
    owned by a community land trust must be appraised as leasehold interest and meet the provisions of &#xA7; 3555.203.'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  primary_source:
    tier: 1
    authority: 7 CFR Part 3555 — USDA Single Family Housing Guaranteed Loan Program § 3555.206
    source_class: ecfr-xml
    source_url: https://www.ecfr.gov/current/title-7/subtitle-B/chapter-XXXV/part-3555
    snapshot_id: 60bd6fb03befa14c
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:f1f884c828bb807baf369d30e1a9479648dfa62165e28511a0730ed785181a8b
    paragraph_quote: (e) Appraisals. A property located on a site owned by a community land trust must be appraised
      as leasehold interest and meet the provisions of &#xA7; 3555.203.
    drafter_attestation: Verbatim (whitespace-normalized) slice of §3555.206 subsection (e) from snapshot 60bd6fb03befa14c;
      substring-verified.
  judgment: false
