NeighborWorks America and NCB Capital Impact Present a Shared Equity Symposium

Taking Shared Equity to Scale:  An Innovative Method to Grow and Preserve Affordable Homeownership

In many markets, the affordable homeownership challenge is growing. Inflation and cost increases are critically affecting buyers, local jurisdictions, and homebuilders. “Shared equity” approaches – inclusionary housing, land trusts, deed restrictions, co-ops, shared equity mortgages – are growing in popularity as a strategy that uses the investment of public resources to achieve both affordability AND to extend that affordability to future buyers and renters.

Experienced community developers, homebuilders, lenders, city housing staff and policy leaders convened in Portland, Oregon in December for a full-day symposium about the endeavors to expand homeownership opportunities for moderate and lower-income families and individuals.  The symposium included a keynote address by Henry Cisneros, former HUD secretary and chairman, CityView and an interesting luncheon discussion led by Kirsten Moy of the Aspen Institute (and an NCB Capital Impact board member) on how a model that has empowered independently-owned businesses to compete with Lowe’s and Home Depot could help shared equity housing providers reach scale.

This strategic symposium announced the results of new research on market demand, local policy, development capital, mortgage capital, and local business capacity. The market demand research was prepared by RCLCO, a leading national real estate advisory firm.  Symposium participants learned about what some experienced community development practitioners are doing to grow and preserve affordable homeownership and had the opportunity for open dialogue and in-depth discussions during breakout sessions on topics such as market segments, public policy, local business models and choosing the right shared equity model.

SYNOPSIS OF OUTCOMES:

Synopsis of Symposium Outcomes (PDF, 2,551 KB)*

PAPERS: 

Market: Understanding the Consumer Market for Shared Equity (PDF, 728 KB, 182 pages)*

Finance: Directions for Volume Production (PDF, 111 KB, 32 pages)*

Local “Affordability Stewards”: Scalable Business Models for Marketing and Preserving Shared Equity Homeownership (PDF, 366 KB, 40 pages)*

Policy: Public Policies that Promote A Viable Shared Equity Sector (PDF, 262 KB, 39 pages)*

VIDEO: 

 

Check out this short version of A New Way Home: Sharing Equity to Build Wealth!

A New Way Home  To download file, right-click and select "Save Target As..."

 

OTHER:

Symposium Agenda (PDF, 24 KB)*
Speakers' Biographies (PDF, 93 KB)*
Pre-Symposium Concept Paper (MS Word)

See more shared equity resources!

For more information, please contact Jim Gray, Together We Can Program, NCB Capital Impact, (703) 647-2346.

Developed by:
                        

Sponsored by:

Ford Foundation
Freddie Mac

In cooperation with:

National Housing Conference
National Community Land Trust Network
American Sunrise Communities
National Housing Institute

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