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 SharingEquity Sharing in The United States

Other articles related to "sharing, equity, equity sharing":

Good Loan - Principles
... The basic principle of Islamic banking is based on risk-sharing which is a component of trade rather than risk-transfer which we see in conventional banking ... Islamic banking introduces concepts such as profit sharing (Mudharabah), safekeeping (Wadiah), joint venture (Musharakah), cost plus (Murabahah), and leasing (Ijar) ... at agreed installments until the full equity is transferred to the borrower and the partnership is ended ...
Housing Equity Partnership - Equity Sharing in The United States
... Equity sharing has been around for some time now and has been put on the shelf in recent years given the loose financing programs ... Sewin Chan, Joseph Tracy and Charles Freedman in the late 1990s and are very similar to shared-equity plans that have existed for decades in the UK, Europe and the U.S ... Geltner, Miller and Snavely (1995) to develop Home Equity Investment Trusts (HEITs) ...
Equity Sharing in The United States
... Equity sharing has been around for some time now and has been put on the shelf in recent years given the loose financing programs ... Sewin Chan, Joseph Tracy and Charles Freedman in the late 1990s and are very similar to shared-equity plans that have existed for decades in the UK, Europe and the U.S ... an earlier proposal produced by Geltner, Miller and Snavely (1995) to develop Home Equity Investment Trusts (HEITs) ...

Famous quotes containing the words sharing and/or equity:

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