Shared Equity Programs Gain Popularity for Municipalities, Private Investors

Michael Micheletti News

housing for millennials

Our Second Quarter 2017 Homeownership Program Index highlights the latest trends across all down payment programs, plus growth in shared equity program models as homeownership affordability challenges persist for millennial buyers.

The number of total programs increased to 2,469, up 15 programs from the previous quarter. Nearly 87 percent (86.8%) of programs currently have funds available for eligible homebuyers, roughly unchanged from the previous quarter. New programs in the database include shared equity programs that provide a portion of the down payment in exchange for a percentage of equity upon sale of the home.

The Down Payment Resource HPI currently tracks 33 shared equity programs. Most are city/county, non-profit or university administered programs. There are also new programs in high cost markets, like the San Francisco Bay area, designed by private investors to help buyers finance homes that are outside conventional home price limits…

Read entire article

About the Author

Michael Micheletti

Director of Communications

Twitter

Michael has worked at Unison since 2016. He draws upon his experience in real estate, taxes, and healthcare to inform consumers on a wide range of topics related to homeownership.

Share this Post