7 CFR § 3550.72 - Community land trusts.

---
identifier: "/us/cfr/t7/s3550.72"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 3550.72 - Community land trusts."
title_number: 7
title_name: "Agriculture"
section_number: "3550.72"
section_name: "Community land trusts."
chapter_name: "RURAL HOUSING SERVICE, DEPARTMENT OF AGRICULTURE"
part_number: "3550"
part_name: "DIRECT SINGLE FAMILY HOUSING LOANS AND GRANTS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 301; 42 U.S.C. 1480."
regulatory_source: "61 FR 59779, Nov. 22, 1996, unless otherwise noted."
cfr_part: "3550"
---


# 3550.72 Community land trusts.

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.