In an expensive neighborhood, the value of creating shared equity homeownership units is clear. But what about neighborhoods where housing costs are currently low?
This Resource at a Glance
Key take-aways:
- Shared equity programs can make sense in disinvested neighborhoods or weak markets where housing costs are still low.
- When values are low, the same amount of initial subsidy can reach more people who otherwise wouldn’t be able to afford homeownership.
- Even in weak market cities or neighborhoods, quality homes are often unaffordable to low-income households.
This one-page factsheet from Shelterforce answers the question “What’s the point of shared equity homeownership in weak market areas?”
