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Strategy Toolkit

Strategy HC2.8: Develop educational opportunities about innovative home ownership models, including the Cooperative Ownership model and Community Land Trusts.

Strategy Description

Identify examples within the region that could serve as case studies and tour sites. Identify partners who could develop these models.

Home ownership education and counseling help prepare individuals to either purchase a home or make effective decisions about homeownership issues, such as refinancing, reverse mortgages, repairs and maintenance, and foreclosure prevention. Home ownership education and counseling can be broadly divided into four main categories: pre-purchase, post-purchase, reverse mortgage, and foreclosure prevention (or default loan). In order to help residents succeed, non-profits in partnership with private- and public-sector stakeholders should expand the availability of home ownership education and counseling.

Recommendation

HC2: Promote the development of a variety of housing options available to a diversity of income levels.

Topic

Scale

Local
Regional