AH256 Shared Equity Housing: Creative Models to Preserve Affordable HomeownershipShared equity housing is a creative way to assist in stabilizing communities severely effected by the foreclosure crisis. Community land trusts, limited equity cooperatives, deed-restricted houses and condominiums are models where the rights, responsibilities, risks, and rewards of homeownership are shared between the individuals who own and occupy this housing and an organizational entity that stands behind the home long after it is sold. These models ensure that homes remain affordable to persons of modest means on a long-term basis by restricting the amount of equity that homeowners may remove from their homes on resale. In this introductory course, participants will review the most common models of shared equity homeownership, weighing the pros and cons of each model as a vehicle for promoting individual security, prosperity, and mobility.Course length: 1 Days Tuition: $ 230 Course counts toward a professional certificate: No |
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