The State of Shared-Equity Homeownership in the Greater Dayton Region
Friday, December 7, 2018
3 p.m. - 4:15 p.m. EST
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Shared equity models are an important tool for increasing access to sustainable homeownership, decreasing the likelihood of foreclosure, building community wealth, and preserving affordable homeownership.
Shared Equity Homeownership is an umbrella term for a collection of homeownership models that seek to ensure ongoing affordability, generation after generation. It generally refers to community land trusts, deed restricted programs, limited equity cooperatives and condominiums and shared appreciation loans.
These tools promote different models of property ownership, taking homes permanently off the speculative market, through different variations of the following three components: strong democratic governance built into the legal structure, the guarantee of permanent affordability of housing over generations, and engaging citizens in community-driven development of housing.
This session will explore some of the shared equity tools, particularly in the context of redevelopments in the Dayton region and the community land trust initiative promoted by County Corp and Advocates for Basic Legal Equality, Inc.
Adam Blake, ABLAKE.COUNTYCORP.COM