limited equity housing

Definition of "limited equity housing"
  1. A system often set up by non-profit organizations to facilitate home ownership for low-and moderate-income households. It usually involves multiple families who share common spaces and some decision-making responsibilities. However, if a unit is sold, any profit is returned to the organization, not the owner
How to use "limited equity housing" in a sentence
  1. Due to her modest income, she opted to buy into the limited equity housing to secure a place for her family.
  2. The city initiated a limited equity housing program to encourage more families to own homes.
  3. In the limited equity housing arrangement, the residents all had a say in maintenance decisions.

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