Equity Sharing

Equity sharing, also known as shared ownership or in the US as housing equity partnership (HEP), allows a person to purchase a share in their home even if they cannot afford a mortgage on the whole of the current value. It is generally used in affordable housing, providing a "third way" of land tenure between home ownership and renting.

There are various detailed methods to implement equity sharing, and it is implemented in over a hundred community land trusts in the United States. The remaining equity share may be held by the housebuilder, by a private investor or by a landlord such as a housing association. In some models the resident pays rent on that share.

Read more about Equity Sharing:  Equity Sharing in The United States

Famous quotes containing the words equity and/or sharing:

    If equity and human natural reason were allowed there would be no law, there would be no lawyers.
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    Eventually we will learn that the loss of indivisible love is another of our necessary losses, that loving extends beyond the mother-child pair, that most of the love we receive in this world is love we will have to share—and that sharing begins at home, with our sibling rivals.
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