Affordable Homeownership: Sharing Best Practices
Resources to create and support affordable homeownership opportunities
The Met Council recognizes that affordable homeownership opportunities are an integral part of providing a full range of housing choices. Local governments can play a key role in creating and leveraging innovative homeownership strategies, including those that allow a home to remain affordable to low- and moderate-income households even when the property is resold. These strategies include:
- Community land trusts
- Manufactured housing preservation
- Cooperative housing
In February 2019, the Met Council hosted a workshop highlighting these affordable homeownership models and exploring where opportunities exist to expand or enhance them in the Twin Cities region. The two key sessions, Community Land Trusts 101 and Manufactured Housing and Limited Equity Cooperatives 101, provide the basics of these models and can be used in a city council work session or staff meeting to start a conversation about how to support affordable homeownership. Local experts also provided case studies that describe how these models are working in the Twin Cities region.
Affordable homeownship best practices for local governments
A new report describes affordable homeownership best practices for local governments, along with examples and links to local experts.
Download the full report (PDF, 21 pages)
Key points from the report:
Local case study videos