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Emerging Strategies for Affordable Homeownership: Deed Restricted Homes and Community Land Trusts

Written by: Daniel R Merkle

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Real Estate

Posted almost 3 years ago. 0 helpful votes, 0 comments

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Emerging Affordable Homeownership Stategies: Deed Restricted Homes And Community Land Trusts

I. INTRODUCTION: LACK OF AFFORDABLE HOUSING. II. EMERGING AND CREATIVE MODELS. A. PERMANENT AFFORDABLE HOUSING. B. OVERVIEW OF MODELS. 1. Community Land Trusts. 2. Affordability Covenants (Deed-restricted Homes). 3. Trust Properties.

Affordable Homeownership Models and Options

C. EXAMPLES OF VARIOUS MODELS. 1 Who Starts the Project? 2. Various Organizational Structures. 3. Types of Homes. D. EXAMPLES OF RESOURCES AND PROJECTS. E. EXAMPLES OF POTENTIAL PROJECTS. III. FINANCING OPTIONS AND ISSUES. A. Developer Opportunities. 1. Inclusionary Zoning. 2. Free or Subsidized Land. 3. Grants, Low Interest Loans, Etc. 4. Partners (Employers, Unions, Donors, Etc.). B. Home Buyer Opportunities. 1. Mortgage Financing for Purchasers). a. Conventional Lenders. b. FNMA CLT Ground Lease Rider. 2. Other Home Buyer Assistance. a. Down Payment Assistance. b. Reduced Cost (Subsidized Construction/Acquisition).