Northwest Community Land Trust “SHARED EQUITY HOMEOWNERSHIP in the AFFORDABLE HOUSING CONTINUUM”
SHARED EQUITY HOMEOWNERSHIP IN THE AFFORDABLE HOUSING CONTINUUM STABILITY – EQUITY – ECONOMIC GROWTH Northwest Community Land Trust Coalition CONTENTS Northwest residents impacted by rising housing costs . 2 Building a region everyone can afford . 3 Shared equity homeownership: the community land trust model . 4 A bridge to traditional homeownership . 5 Affordable homeownership plays a key role in the housing continuum . 6 Stability and economic growth for families and communities . 7 Homeowner stories . 9 NORTHWEST RESIDENTS IMPACTED BY RISING HOUSING COSTS Advocates Urge Oregon to Act to Ease Housing Crisis Public News Service April 11, 2017 Long wait lists for affordable housing in IF Can Olympia Solve Seattle’s Housing Crisis? Post Register Caroline Halter, Washington March 23, 2017 State Wire, February 19, 2016 Housing Crisis Mayors Cry Out for Affordable “Ugly And Getting Uglier” Housing in County Matt Rosenberg, Lens, Gary Bégin, Lake Chelan Mirror June 6, 2016 September 7, 2016 The Hidden Reason Report Looks at Lack of Affordable Housing Behind Seattle’s Patty Hastings, The Columbian, June 2, 2016 Skyrocketing Housing Costs Kathleen Richards, Affordable Housing Leaders ‘Fired Up’ The Stranger, Over Economic Crisis July 29, 2015 Flathead Beacon May 28, 2016 page 1 page 2 BUILDING A REGION SHARED EQUITY HOMEOWNERSHIP: EVERYONE CAN AFFORD THE COMMUNITY LAND TRUST MODEL Homeownership Benefits People, Homeownership organizations often Shared equity through a community land In shared equity homeownership, Jobs and Economic Growth have significant waiting lists and a 1:10 trust is a model of affordable homeownership homeowners are an essential part of A safe place to live is an essential start .
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