Homeownership has traditionally symbolized stability and prosperity in the U.S., yet many low- and moderate-income families find it challenging to achieve. Limited equity cooperatives (LECs) arise as a potential remedy, promoting long-term affordable homeownership through systemic reform and community involvement. Historical barriers, such as redlining, have perpetuated inequalities, particularly impacting marginalized groups. Despite being underutilized, LECs emphasize perpetual affordability and resident participation, offering a promising pathway to address these entrenched disparities in accessing homeownership.
The limited equity cooperative model can serve as a necessary solution to facilitate affordable homeownership, especially for low- and moderate-income families facing systemic barriers.
Properly designed LECs offer a pathway to stable, affordable homeownership by prioritizing resident participation and maintaining perpetual affordability.
#affordable-housing #limited-equity-cooperatives #homeownership #systemic-barriers #economic-inequality
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