Brenda Torpy, a consultant advising the Prince George's County Council Community Land Trust Task Force, outlined three resale formulas under consideration for a countywide CLT and said the group will run property‑level scenarios before choosing a model.

Torpy said, “So now to the main event, we're gonna talk resell formulas. There's 3 types of formulas. There's no right 1.” She described a fixed annual percentage (used by many CLTs and often 1–1.5% today), an indexed approach tied to area median income (AMI) or the consumer price index (CPI), and an appraisal‑based shared‑equity formula in which a predetermined share of market appreciation is allocated to the seller.

The task force heard the advantages and disadvantages of each approach. Torpy said fixed percentages are administratively simple and predictable for homeowners but “there is no relationship between the home condition and price” and that model requires robust stewardship to ensure maintenance. She said index formulas keep prices tied to household incomes but can produce year‑to‑year volatility and feel less intuitive to homeowners.

On appraisal‑based models, Torpy explained that a third‑party appraisal measures market appreciation and that a common seller share is 25 percent of that appreciation: “The most commonly you share is 25%… in hotter markets, it's definitely a good balance.” She noted appraisal models reward maintenance and are familiar to lenders, but can create challenges if appraisals are inconsistent or biased and require education of lenders, appraisers and assessors.

Orlando Velez of the College Park City–University partnership described a hybrid practice his group is planning: “We do the appraisal. So we have an appraisal approach that we also look at the area median income too … and then that is our sales price or base.” He and Torpy reiterated that CLTs commonly retain a portion of property value (land value) to preserve long‑term affordability while selling a share to homebuyers.

Members raised implementation concerns. Staff and consultants said the trust would need an approved list of appraisers, lender education to ensure appraisers use comparable sales appropriately, and assessor coordination; Torpy said one state had pursued statutory clarification for assessors. The group discussed stewardship funding and practices to help owners maintain properties, including post‑purchase education and a stewardship fund to support necessary repairs.

Rather than choose a formula at the meeting, the task force agreed to test at least two scenarios. Orlando offered to run spreadsheet scenarios with Brenda Torpy and staff to compare a straight percentage and an appraisal‑based approach on representative properties. The decision was deferred pending those scenario results and additional stewardship planning.

The task force directed staff to return with the scenario spreadsheets and recommended stewardship materials at a subsequent meeting so members could compare how different formulas affect affordability, seller returns and long‑term preservation of units.