Shared Equity Homeownership (North Miami)

When
20 Mar 2018
8:30 AM - 5:00 PM
Location
Florida International University Kovens Conference Center, 3000 Northeast 151 Street, North Miami, FL
Spaces left
30

Registration

Catalyst

Registration is closed

Shared Equity Homeownership

This workshop will explain shared equity programs, and how incorporating shared equity provisions into SHIP strategies can more effectively expand and preserve the affordable housing stock. We will cover the philosophy, mechanics, and best practices for shared equity programs including how a local government can partner with a community land trust to implement a SHIP shared equity program. Presenters will address key topics such as resale restrictions, local government disposition of surplus lands, lending for shared equity programs, and recordkeeping. Participants will also learn about Fannie Mae and Freddie Mac’s Duty to Serve Rule, effective January 2018, which applies to shared equity affordable housing.

Who Should Attend?

Local government housing administrators
Community partners
Elected officials and Affordable Housing Advisory Committee members
Nonprofit housing staff

Key Topics:

Purpose and philosophy behind shared equity programs
Three main types of shared equity programs, including advantages, challenges, and examples of each
Factors in determining resale restrictions and examples
Walk-through of sample SHIP strategies
Overview of legal documents such as restrictive covenants and ground leases
The role of the local government in supporting a CLT, including a review of “surplus lands” law
Best practices for enforcement and recordkeeping
How the lending community is supporting shared equity models

This workshop is sponsored by the Florida Housing Finance Corporation’s Affordable Housing Catalyst Program and Facilitated by the Florida Housing Coalition.

Upon completion of this training each participant will receive a certificate of completion