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Advancing Shared Equity Homeownership as a Tool for Sharing Property and Power Justly
Shared equity homeownership is a self-sustaining subsidy model for achieving affordable homeownership. Stable and affordable homeownership is an important way to build long-term wealth, increase a sense of agency, and create a path to economic security for individuals, communities, and future generations.
This brief is designed to provide a primer on contextualized case making for shared equity homeownership, describing the continuum of impacts for households and communities associated with the model (among them, affordability, community governance, and racial equity). The brief concludes with a discussion of the opportunities for philanthropy to expand equitable homeownership via shared equity models through system change, investment, and direct support.
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“Shared equity homeownership is a self-sustaining subsidy model for achieving affordable homeownership. It is part of a dynamic field of affordable homeownership and collective ownership models that emerged from community-based organizations and municipalities over 50 years ago, during the civil rights movement. Shared equity homeownership is growing as part of system change movements (e.g., the solidarity economy) that aim to redistribute power and resources.
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