Shared-Equity Programs: A New Path to Utah Homeownership
Salt Lake City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Utahs housing crisis: A new report from the Utah Foundation reveals that government aid alone cannot tackle the states soaring housing costs. Shared-equity programs, which link buyers with private investors, offer a promising alternative. These arrangements allow investors to front some of the purchase price or expenses, enabling buyers to afford homes they couldnt otherwise. Utahs homeownership rates are at a low, with housing being the top concern for residents. Even with lower mortgage rates, home prices are likely to rise due to high demand. Initiatives like the Utah Dream Fund and community land trusts are making strides by reducing effective costs. Scaling these public-private models could provide more opportunities for Utah families.
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