Tag: ground lease
Student Corner: On Borrowed Ground: A Ground Lease Primer – Part 2
In Part 1 of this series, the CED blog explored some of the basics of entering into a ground lease. Part 2 will explore on of the more complex aspects of the ground lease structure – the ‘reappraisal’. Additionally, we will explore financing issues, as well as how property sales are reconciled with … Read more
Student Corner: On Borrowed Ground: A Ground Lease Primer – Part 1
Imagine that you find the ideal land parcel to develop, but the owner does not want to sell – and desires to retain ownership in any future land appreciation. Or, you find the perfect development site that offers superior investment returns – but the land cost is prohibitively expensive, and makes y … Read more
Taxation of Affordable Housing in Community Land Trusts
Imagine that you own a home, but not the land on which it sits. You’re a tenant on the land, subject to a 99-year ground lease. As a condition of the ground lease, you are permitted to sell your home only to a household earning less than the community’s median wage, and the ground lease sets a maxim … Read more