Could talk a little more about how the mortgages would work?

Yes, there’s a lot to be sorted out in practice—and CLT mortgages are a little trickier than normal ones, especially since there’s a lack of a totally standardized product for banks to adapt to. But there’s plenty of examples to draw from.

See, for instance:

City First Homes in DC (a nonprofit associated with a forward-thinking community bank):

Champlain Housing Trust in Vermont—which manages 500+ CLT homes and 2000+ affordable rental units.

Also, a lot of deep technical know-how on this here:

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