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):
City First Homes is a leading 501(c3) nonprofit housing organization that works with households to leave the cycle of…cfhomes.org
Champlain Housing Trust in Vermont—which manages 500+ CLT homes and 2000+ affordable rental units.
Available Apartments, Homes and loans at Champlain Housing Trustwww.getahome.org
Also, a lot of deep technical know-how on this here: