Limited Equity Co-Ops

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Prequalified buyers receive a lower down payment subsidized by a nonprofit who retains the land a dwelling unit is located on. The property, when sold, nets the owner a limited amount of equity per year, must have been occupied by the qualified buyer, and is resold to another qualified buyer as determined by the Co-op. 

Habitat for Humanity of North Idaho has been utilizing this strategy as the cost of land and building materials has increased in Kootenai County. The nonprofit is now building condo-style housing to keep the costs of housing units as low as possible.

NOTE: This information may not yet be a fully available solution. This page will be updated as potential solutions are explored by the Regional Housing & Growth Issues Partnership’s Working Group and Advisory Group members, as well as legal counsel and other qualified review. Any solutions provided are subject to adoption and implementation by the respective end user. Community input is welcome. Please email info@rhgip.com if you have questions, suggestions, or feedback.