Shared Equity Homeownership: A Welcomed Tenure Alternative Among Lower Income Households

Emily Thaden, Andrew Greer and Susan Saegert

Housing Studies, 2013, vol. 28, issue 8, 1175-1196

Abstract: Shared equity homeownership (SEH) is a form of resale-restricted, owner-occupied housing for lower income households that remains affordable in perpetuity. This study explores the evaluations of and reception to SEH relative to existing tenure options by potential beneficiaries of a SEH program in Nashville, TN. Fourteen focus groups with 93 participants were conducted among lower income renters, prospective homebuyers, and delinquent homeowners. Findings revealed that 73 per cent of participants expressed interest in SEH. Participants perceived that SEH was more likely to deliver individual, community, and economic benefits than rental or homeownership options in the market. However, participants also maintained concerns about program design, development, and location of shared equity homes. Findings suggest that SEH development may be viable in localities with relatively affordable housing markets, and a large proportion of targeted beneficiaries comprehend and perceive a need for this tenure alternative.

Date: 2013
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DOI: 10.1080/02673037.2013.818621

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