Research Report Shared Equity Homeownership Evaluation: Case Study of Champlain Housing Trust
Kenneth Temkin, Brett Theodos, David Price
Display Date
Download Report
(266.81 KB)

Shared equity homeownership initiatives provide below-market homeownership opportunities to income-eligible families in return for a share of the owner's potential capital gains at resale. This case study analyzes affordability, personal wealth, security of tenure, and mobility outcomes for the Champlain Housing Trust (CHT), which operates in the Burlington, VT metropolitan area. Despite owners' high returns, CHT homes saw only a small decrease in affordability. Foreclosure rates for CHT homes are below the area's already-low average. And even though nearly all CHT buyers were first-time homeowners, most resellers are able to purchase market-rate homes when leaving the program.
Research Areas Wealth and financial well-being Neighborhoods, cities, and metros Children and youth Housing
Tags Asset and debts Housing markets Transportation
Policy Centers Metropolitan Housing and Communities Policy Center