Homeownership Today and Tomorrow: Building assets while preserving affordability by Miriam Axel-Lute
Permanent affordability vs. building assets has often been considered an either-or proposition. It's not.
Federal, state, and local governments spend billions of dollars every year on programs designed to promote wider access to homeownership for low- and moderate-income families, but these programs only help one family, and then their subsidy is lost. Permanently affordable homeownership through shared-equity programs are a more efficient use of public funds. But can low-income families build enough equity in them to transform their circumstances? New research says yes.
Bringing Buildings Back (Expanded and Revised 2nd Edition) by Alan Mallach
From Abandoned Properties to Community Assets
Abandoned properties are a plague across the United States, from rust belt cities like Detroit and Buffalo to small towns like Lima, Ohio, and Waterloo, Iowa. Even in Sunbelt cities such as Houston and Las Vegas, abandonment is a major problem, as investment flows to the periphery, leaving the older, inner neighborhoods behind. In Bringing Buildings Back, Alan Mallach provides policymakers and practitioners with the first in-depth guide to understanding and dealing with the many ramifications that this issue holds for the future of our older cities.
Investing In Community Land Trusts by Miriam Axel-Lute
A Conversation With CLT Funders
Over the past four decades, the community land trust movement has grown steadily in the US. Today there are approximately 240 CLTs in 45 states and DC. Their growth has accelerated in the past few years as CLTs have become embraced by community builders, organizers, advocates of affordable housing, asset building, smart growth and transit oriented development, local governments and the philanthropic community. Especially important has been the philanthropic community whose initial and ongoing support has made much of this growth possible. Why have funders embraced CLTs? To answer that question, NHI interviewed 15 funders from 13 foundations whose scope ranges from local, to state, to regional and national. Their responses are detailed here
Toes in the Water by J. Michael Collins
Nonprofit Community Development Real-Estate and Mortgage Brokerage Programs
NHI’s latest research report identifies state regulatory obstacles and assesses the future of a new direction in promoting homeownership
Managing Neighborhood Change by Alan Mallach
A Framework for Sustainable and Equitable Revitalization
Tracking neighborhood change is hindered not only by lack of information and resources, but also by complicated data and measurements problems. Making connections between a neighborhood’s market dynamics and tools that can most effectively build market strength is often a hit or miss process. This report presents a strategic framework that can help practitioners and policy-makers foster sustainable and equitable neighborhood revitalization, building on solid market demand while ensuring that the neighborhood’s lower income households will benefit from the changes that have taken place.
Comprehensive Community Initiatives by Winton Pitcoff
Redefining Community Development
Takes a close look at comprehensive community initiatives, including those supported by the Annie E. Casey, Clark, Ford, and Surdna Foundations, and their role in empowering poor communities. The report examines how community groups work together toward the common purpose of changing the way their local systems (housing, schools, welfare) work and the way community groups work within those systems.
Building A Better Urban Future by Alan Mallach
New Directions for Housing Policies in Weak Market Cities
A policy paper for practitioners and policymakers investing housing resources in weak market cities. The project focuses on market-driven approaches, the integration of affordable and market-rate housing and the use of housing as a core element in both economic development and neighborhood revitalization strategies. The project is in collaboration with the Community Development Partnerships’ Network, LISC and the Enterprise Foundation.
Shared Equity Homeownership by John Emmeus Davis
The Changing Landscape of Resale-Restricted, Owner-Occupied Housing
As the housing crisis worsens, putting the American Dream out of reach for millions, communities around the country are turning to shared equity homeownership—limited equity coops, community land trusts and inclusionary units—to redefine the housing ladder. This breakthrough study examines the benefits of these models within a sectoral framework; a third sector housing strategy. Support for this study was provided by the Ford and Surdna foundations.
Valuation and Taxation of Resale-Restricted, Owner-Occupied Housing by Carla J. Robinson
Resale-restricted, owner-occupied housing (also known as “shared-equity homeownership”) offers an option for bringing homeownership within reach for lower-income households. Few standardized policies and procedures exist for valuing and taxing resale-restricted homes, even in states where public policy favors this category of housing. Because little research has been done in the United States to document the various ways this housing is taxed or to evaluate methods of taxation, this paper by former NHI Research Director Carla J. Robinson aims to fill the information gap.