Making Homes Affordable With Shared Equity

State and local governments are putting home ownership within reach of moderate and low-income families through a program called Shared Equity.

Under the program, homebuyers that earn $80,200 or less annually, do not own another home, or have significant assets beyond savings and retirement accounts, may qualify to receive funds for a down payment on a home.

According to the National Housing Conference, “In return for this investment, the government entity shares in the benefits of any home price appreciation that may occur.

The public’s share in the benefits of any home price appreciation may be used in two ways; it can either be returned to the government in the form of cash payment that can be used to help another family, or it can stay with the home, reducing the cost of that home for the next family.”
More details at cnn.com