Sharing Your Home with Strangers: Common-Interest Ownership and Financing Options

Authors

Debra Bechtel, Brooklyn Law School
Crystal Liu, K&L Gates LLP
Ernira Mehmetaj, Kriss & Feuerstein LLP
David Reiss, Cornell Law SchoolFollow

Document Type

Article

Publication Date

Spring 2022

Keywords

Shared equity financing, Common interest communities, Single Room Occupancy

Disciplines

Consumer Protection Law | Housing Law | Property Law and Real Estate

Abstract

As the affordable housing crisis in the U.S. escalates, housing policy analysts and advocates are re-examining, modifying, and combining ways of decreasing the costs of homeownership through shared ownership and shared financing while also, in some instances, preserving long-term affordability. This Article will touch upon the vast array of models and take a deep dive into one of them, the relatively new shared equity financing model. That model holds some promise and a lot of peril for homeowners.

Comments

This article predates David Reiss's affiliation with Cornell Law School.

Recommended Citation

Debra Bechtel , Crystal Liu, Ernira Mehmetaj & David Reiss, "Sharing Your Home with Strangers: Common-Interest Ownership and Financing Options", 61 Washburn Law Journal (Spring 2022)