“On the private market, you can buy a home for a certain price and sell it later for however much someone is willing to pay.

Affordable homeownership is different because it would not exist without major investments from our city and state governments. The buyer is agreeing that if and when they sell it, the unit will still be affordable to the next buyer. 

Limited-equity ownership still brings tremendous benefits. You are not paying rent to a landlord and have predictable housing costs while building some equity, usually 5% annually plus the value of any improvements, when approved by the city. 

An eligible buyer who purchases an affordable home for $240,000, for example, could build approximately $66,000 of equity over six years, without improvements.”

—Jamaica Plain NDC and Causeway Development