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The two primary goals of a resale formula are (1) to give homeowners a reasonable return on their investment in their homes and (2) to keep the resale price forever affordable to households of modest means without additional subsidy.
When a KulshanCLT homeowner wants to sell their home they can sell it to another income qualified household for a maximum price of - their downpayment amount plus, their mortgage amount, plus 1.5% of their downpayment and mortgage amount, compounded annually, plus, the value of any eligible improvements minus the value of any deferred maintenance.
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Prospective Homebuyer - Member/Benefactor
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