Community Investments: Vol. 23 No. 1: Spring 2011.
A Promising Way Forward for Homeownership: Assessing the Benefits of Shared Equity Programs
(pdf, 856 k)
In the wake of the foreclosure crisis, what programs can help low-income families become homeowners in a sustainable way? Shared equity programs offer one model, successfully balancing both affordability and asset building goals. In this article, researchers from the Urban Institute evaluate the effectiveness of 7 shared equity homeownership programs from across the country. They find that without exception, the programs provide long-term affordable homeownership, opportunities for low-income families to build equity, and sustainable tenure. This study suggests that shared equity programs could be cost effective way of supporting homeownership going forward.
Author: Kenneth Temkin, Brett Theodos, and David Price, The Urban Institute
Date of Publication: April, 2010
Last Updated: April 15, 2010