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WORKSHOP- Shared Equity and Permanent Affordability (Sarasota)

February 18, 2020 @ 8:30 am - 5:00 pm

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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

Details

Date:: February 18, 2020
Time:: 8:30 am - 5:00 pm
Event Category:: Catalyst Training

Venue

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