limited equity housing
- 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
- Due to her modest income, she opted to buy into the limited equity housing to secure a place for her family.
- The city initiated a limited equity housing program to encourage more families to own homes.
- In the limited equity housing arrangement, the residents all had a say in maintenance decisions.