Shared Equity and Permanent Affordability

Shared Equity and Permanent Affordability

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 with emphasis on permanent affordability using community land trusts. 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, which applies to shared equity affordable housing.

 Who should attend?

• Housing program administrators
• Nonprofit housing developers
• Community land trust organizations or program staff
• Community partners including housing counselors and lenders

 Key Topics

• Three main shared equity models
• Subsidy recapture vs subsidy retention
• Factors for resale restrictions and resale price calculations
• Shared equity and SHIP strategies
• Support of shared equity by the lending community
• Permanent affordability and housing programs

This training 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