‘Shared equity’ model for U.S. housing boosts home ownership for poorer families

Story published by Gregory Scruggs on 1/21/19 for Thomas Reuters Foundation.

DURHAM, North Carolina – A home under construction is a common sight in Durham, a small but booming city in North Carolina that has been billed “the start-up capital of the South.” But this wood-frame, which will soon be a three-bedroom house, is unusual: it will rent for $800 a month, about 40 percent below the market rate. The rent is designed to be affordable to restaurant workers and janitors, not just the new entrepreneur class. It is being built by non-profit developer Durham Community Land Trustees. READ FULL ARTICLE HERE.