Journal Article

A promising way forward for homeownership: assessing the benefits of shared equity programs

Abstract: 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.

Keywords: Home ownership;

Bibliographic Information

Provider: Federal Reserve Bank of San Francisco

Part of Series: Community Investments

Publication Date: 2011

Volume: 23

Issue: Spr