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PRESENTATION
Shared equity model for building wealth
0:25:57
ยท
40 sec
The project implements a shared equity model to help cooperative shareholders build wealth over time while maintaining long-term affordability for the community.
- The model estimates equity growth for units post-conversion, assuming a 3% annual price increase and 80% AMI income restriction.
- Initial purchasers are incentivized to hold onto their units longer, which builds equity and yields higher profits upon selling.
- The model balances individual wealth-building with community affordability.
- Residents will have the opportunity to review specific details in the attorney general accepted offering plan before purchasing shares.
Regina Lovitt
0:25:57
The shared equity model helps coop shareholders build wealth over time, maintaining long term affordability for the community.
0:26:04
This chart illustrates the estimated equity growth for a two bedroom unit post conversion, assuming a 3% annual price increase and 80% AMI income restriction.
0:26:14
You will see that the initial purchasers of the units in the future coops are incentivized to hold on to their units longer, which builds equity and yields higher profits for themselves upon selling.
0:26:24
Residents will have the opportunity to review specific details in the attorney general accepted offering plan before purchasing shares.
0:26:32
Importantly, investing in these I'm sorry.
0:26:36
Next slide, please.