Use Shared Equity Mechanisms to Preserve Homeownership Subsidies

There is great variety in how resale formulas are implemented and enforced, but the three main approaches in the United States include deed-restricted homeownership, limited equity cooperatives, and community land trusts. Click on the links below to learn more about three relatively common approaches: Deed-restricted homeownership — guidelines specify the future sales price and qualifications … Read more

Expand the Supply of Homes Through Rezonings

What is zoning, and what is a “rezoning”? Most communities have adopted zoning policies and maps that help to guide development and growth by indicating the types of land uses that are allowed in different parts of town. Zoning policies may identify areas intended for residential development, commercial use, manufacturing and industrial purposes, parks and … Read more

Recycle Downpayment Assistance

What is recycling of downpayment assistance? State and local downpayment assistance programs expand homeownership opportunities for moderate-income families by helping them make a down payment on a home. In some cases, downpayment assistance also helps to reduce the amount of mortgage a family is required to take out. When downpayment assistance is provided in the … Read more

Preserve and Extend Affordability

What are the challenges to preserving and extending affordability in location-efficient areas? In many cases, large-scale investments in transit and other infrastructure catalyze increases in the value of properties that are well-located near the new amenities. While this growth can be positive for the overall neighborhood, it can also threaten the continued availability of existing … Read more

Ensure Zoning Policies Allow Housing Diversity

Communities interested in expanding the availability of affordable homes should carefully examine both the letter and effects of current zoning policies. Are there adequate opportunities to build multifamily homes? Can residents build accessory dwelling units for a relative or for additional rental income? Does the system rely heavily on zoning variances that make it more … Read more

Featured Podcast

In these welcoming remarks, Henry Cisneros, executive chairman of CityView and former secretary of the U.S. Department of Housing and Urban Development, discusses the housing challenges facing working families that he and his co-authors – Kent Colton, Jack Kemp, and Nic Retsinas – address in their new book, Our Communities, Our Homes: Pathways to Housing … Read more

Use Shared Equity Mechanisms to Preserve Homeownership Subsidies

What is shared equity homeownership? Shared equity homeownership is a unique approach to affordable homeownership. Under this approach, a state or local government provides funding to help a family purchase a home. In return, the government entity shares in the benefits of any home price appreciation that may occur while the family lives there. The … Read more

Ensure Zoning Policies Allow Housing Diversity

In addition to revising their zoning policies to allow certain types of housing, communities can use other land use tools to enhance the local capacity to deliver affordable homes. Even seemingly small revisions, such as reducing the number of parking spots required per residential unit, can make a big difference – especially where land costs … Read more

Facilitate Reuse of Abandoned, Vacant and Tax-Delinquent Properties

Information gaps, title clearance problems, and lengthy tax foreclosure processes are common barriers to redeveloping abandoned properties. Communities can more easily convert these properties into quality, affordable homes by enacting legislative reforms to the standard tax foreclosure processes, creating shared databases of abandonment indicators, and implementing innovative property acquisition and transfer approaches. Click on the … Read more