- Principal
- The initial amount of money on which interest, returns, or tax liabilities are calculated.
- Interest rate
- The percentage charged or earned per period on the principal, expressed as an annual rate unless stated otherwise.
- Compounding
- The process by which interest is added to the principal so that subsequent interest is earned on the combined amount.
- Present value
- The current worth of a future sum, discounted at a given rate to account for the time value of money.
- Community land trust
- A key concept referenced by the Community Land Trust Discount: Calculate the resale price formula for Community Land Trust (CLT) homes. Common formulas: fixed percentage method (CLT captures 25% of appreciation), indexed method (tied to AMI or CPI), and appraised value method.
- CLT resale formula
- A key concept referenced by the Community Land Trust Discount: Calculate the resale price formula for Community Land Trust (CLT) homes. Common formulas: fixed percentage method (CLT captures 25% of appreciation), indexed method (tied to AMI or CPI), and appraised value method.
- Affordable housing formula
- A key concept referenced by the Community Land Trust Discount: Calculate the resale price formula for Community Land Trust (CLT) homes. Common formulas: fixed percentage method (CLT captures 25% of appreciation), indexed method (tied to AMI or CPI), and appraised value method.
- CLT ground lease
- A key concept referenced by the Community Land Trust Discount: Calculate the resale price formula for Community Land Trust (CLT) homes. Common formulas: fixed percentage method (CLT captures 25% of appreciation), indexed method (tied to AMI or CPI), and appraised value method.
- Shared equity housing
- A key concept referenced by the Community Land Trust Discount: Calculate the resale price formula for Community Land Trust (CLT) homes. Common formulas: fixed percentage method (CLT captures 25% of appreciation), indexed method (tied to AMI or CPI), and appraised value method.