7 CFR §3550.72
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.