Developed by Seabourne Consulting, experts in Expand Shared Equity Programs for Homebuyers

Expand Shared Equity Programs for Homebuyers

Copyright
2021
Published Date
04/16/2021
Published By
Well Being In the Nation Network

A shared equity program is about investing in homeownership. An organization or a non-profit group invests in a certain percent of the home. An organization could pay 25% of the home. Then the home-buyers only have to pay 75% of the money for the home. This makes the home more affordable. Home-buyers have to make at or below a certain income to be in a shared equity program. Half of white households that are low income own their homes. Only 27% of Black families that are low-income own their homes. Owning a home helps with economic growth for a lot of families that are low income. It helps them build assets and reach financial security. Homeownership also helps develop family wealth and lowers intergenerational poverty.

Resources & Tools


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Asset and Wealth Building Policy Guide
Resource - Guide/handbook
Published on 04/20/2021
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Shared Equity Research
Resource - Website/webpage
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Data & Metrics


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Advancing Equitable Economies Policy Library
Library
Published on 04/20/2021