Possibility Formula that allows & maintains such a reduction in prices

As a member of Prospective Homeowners Association, we can work together to make housing happen, at a price we can afford! How is that possible? The formula re-created below, originally developed by Prospective Homeowners Association, allows for "sweat equity", and other features (below) that reduce initial cost and keep it affordable into the future. This is not “affordable housing” for the poor. This is attainable housing for the working middle class. Read about the process below for purchasing a home & why it works here below.

One of the means for accomplishing our goals is to purchase a larger piece of land that is zoned properly for the production of homes on a higher density than were previously on the same property. But, there is a lot more to it, as the formula below will show. Including: The lower the sales price, the more "profit-sharing" with the organization "on the other end", when the home is resold by the first owners to the next owners. (Depending upon which of two Equity Cooperatives the member joins).

SELL Homes at Less than Market Stop Price from Escalating Wildly

Homes manufactured off-site, delivered, 
setup & installed on foundation

Community Land Trust owns LEHC* property & 
leases back to co-operative for 99 years. 

Subsidize the price of middle and lower income housing with a private grant from the sale of upper class homes. Upper class 
home is either on same lot or built off-site elsewhere. 

Restrict future sales price to a limited percentage increase, 
by deed, contract, and through membership regulations. 
Therefore no immediate resale for a windfall profit is possible 
upon a purchase by any buyer.
Selling homes to middle and lower income buyers based upon 
their income, and sharing future equity. If personal income increases, raise split percentage upon sale.		 Co-operative as owner receives first right of refusal to 
repurchase upon member sale,  transfer or bequest.
"Sweat Equity" of skilled qualified buyers. Co-operative ownership of homes in common by the 
shareholders of a non-profit organization
Working with landowners to assist their land's development 
and sharing the profit & allowing them to re-purchase a 
unit on their original land, at a "fair market" price.		 Sell at low enough original price and correct percentage of "affordable" homes in mix, so the price is below the level of 
which an In-Lieu fee would otherwise be added on top of.

*LEHC = Limited Equity Housing Cooperative

All these concepts & terms are outlined on the pages within this website. However, if you'd like to see exactly how this formula reduces the cost of building and maintaining a home, click here

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