How can I appraise a home that is part of an affordable housing program?

[Tom4value]

So what about deed restrictions. Even those with deed restrictions are probably not selling at market value.

That’s the point! That is how you know it is a comp for affordable housing.

 

[Tom4value]

Who is sponsoring the affordable housing? Is it the City? Is it HUD? Is it a State based affording housing project? Who manages it? Can any houses be rented? It is one you will have to dig in to. The more people you talk to, the easier it will get. Several good points made so far imho.

Here in MA, it is the state under the “Chapter 40B” program. With this program, they have to be owner-occupied so, no, they cannot be rented.