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Seeking resources for ongoing financial education in Limited Equity Cooperative: Shared Equity Homeownership

I'm seeking case studies or other resources for promoting ongoing financial education in a limited equity cooperative. Many folks are first-time homeowners and have a great deal of difficulty conceptualizing themselves as such, resulting in lack of understanding of responsibilities of ownership, and personal agency.

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The Natl Assn of Housing Co-ops has a professionally designed one day course called Roles, Risks and Rewards--the 3Rs for co-ops. The course is custom adapted, and uses the co-ops specific by laws, budget, audit, rules ,etc. The fee is $1200 for up to 10 participants and $50 per additional participant. There is a leave-behind reference manual for all. Instructors are close to most major housing co-op markets. More info NAHC 1441 Eye St NW #700, Wash Dc 20005 www.coophousing.org

 

Have you looked at post-purchase education models outside of the shared equity area? The Kentucky Housing Corporation and Alaska Housing Finance Corporation both have good programs, and the coursebook for Kentucky's is online.  

 

Summaries of both of those programs and one in Rochester that is also a strong model (but may have fallen victim to budgets) can be found at: http://www.housingpolicy.org/toolbox/strategy/policies/homeownershi...

 

 

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