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Alternatives to renting

Many people are thinking about finding a new model for housing. Here's some old and new ideas

Renting means tenants & landlords, periodic tenure, no equity.  What are some alternatives that change how people use their space.

Some examples

Adaptation of Cornerstone's Model in Memphis

Enterprise Hybrids of Home Ownership (attached below)

FROM MOBILE HOME PARK TO MIXED INCOME COMMUNITY: A GUIDE AND CASE STUDY

Over-the-Rhine Community Housing

St. Louis Federal Reserve – Equity Program Helps Renters Build Wealth:

The Rent Trap

Land Trusts in Baltimore

Long-Term Rental Contracts

A less flattering portrayal of renter equity programs

 
What's News

March 2016 NPQ Portland Nonprofit Provides Affordable Homeownership (shared equity ownership)

Moving away from rent v. own
Jake Wegmann, an assistant professor in the Community and Regional Planning program in the School of Architecture at the University of Texas at Austin writes in Rooflines: "The first step for us was moving beyond a one-dimensional view of tenure, which sees renting on one end, owning on the other end, and various hybrids in the middle. Not only does this view exacerbate tensions between housing advocates, it also misunderstands tenure. Instead of this one-dimensional view, we argue that tenure should be thought of along two dimensions: wealth-building and degree of control. Think of these as the financial and political aspects of living in a housing unit, respectively: how much wealth you could gain or lose as a result of living there, and the extent to which you get to decide whether and how to renovate, refinance, sublet, sell, move out, or make major decisions about how and if you live in your home."


Jun 28, 2016 Enterprise Housing Horizon Enterprise Proposes Program to Provide Renters with Greater Stability
In order to help renters achieve greater stability, the paper lays out a program in which a nonprofit or mission-driven organization would gain long-term access to units in existing buildings through a master lease arrangement similar to one used for commercial leases. This multiyear, fixed-price contract between the owner and nonprofit would allow the nonprofit to take control over some or all of the units in a building and have the ability to set rents. There would be multiple benefits from this arrangement...

Co Living  Just another way to say "roommate"?

Community Land Trusts. What if you owned a share of a corporation that owned the land and leased the home you lived in or the land you worked on? Here's an example from Burlington VT.

Housing Cooperatives. A member based non profit corporation owns and manages the property and individual members rent a unit. One side issue for co-ops: limiting equity or not. NYC coops wrestle with profit over maintaining affordability.

Master lease with built in savings account
"...Enterprise Policy Development & Research team has released a new whitepaper, Staying in Place to Get Ahead: Creating Renter Stability through Master Leases with Built-In Savings Accounts. The paper proposes a new model program that offers low-income renters greater housing stability while reducing their costs and helping them build savings. In order to help renters achieve greater stability, the paper lays out a program in which a nonprofit or mission-driven organization would gain long-term access to units in existing buildings through a master lease arrangement similar to one used for commercial leases. This multiyear, fixed-price contract between the owner and nonprofit would allow the nonprofit to take control over some or all of the units in a building and have the ability to set rents. There would be multiple benefits from this arrangement: The owner is protected against vacancy risk and turnover costs. The nonprofit could price individual units affordably based on tenants’ ability to pay. Tenants could choose longer-term lease with protections against rent shocks. Tenants benefit from cost control while maintaining flexibility of renting."

Micro housing. Affordable homeownership.
Treehugger is a good source for news about Micro Homes

Shared Equity. Non profit owner uses tenantsto perform routine maintenance.
 Tenants get lower rent and "credits" that can turn into cash.






 Notes & Links



Subpages (1): Co living
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