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

25 Pages Posted: 14 May 2022 Last revised: 20 Jun 2022

See all articles by Debra Bechtel

Debra Bechtel

Brooklyn Law School

Crystal Liu

K&L Gates LLP

Ernira Mehmetaj

Kriss & Feuerstein LLP

David J. Reiss

Brooklyn Law School

Date Written: April 27, 2022

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 owner-ship 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.

Keywords: common interest ownership, shared equity financing, affordable housing, homeownership, community land trusts, SROs, single room occupancy, co-living, cooperatives, condominiums

Suggested Citation

Bechtel, Debra and Liu, Crystal and Mehmetaj, Ernira and Reiss, David J., Sharing Your Home with Strangers: Common-Interest Ownership and Financing Options (April 27, 2022). Washburn Law Journal, Vol. 61, No. 3, 2022, Brooklyn Law School, Legal Studies Paper No. 715, Available at SSRN: https://ssrn.com/abstract=4095017

Debra Bechtel

Brooklyn Law School ( email )

250 Joralemon Street
Brooklyn, NY 11201
United States
718-780-0342 (Phone)

Crystal Liu

K&L Gates LLP ( email )

Warsaw
Poland

Ernira Mehmetaj

Kriss & Feuerstein LLP ( email )

David J. Reiss (Contact Author)

Brooklyn Law School ( email )

250 Joralemon Street
Brooklyn, NY 11201
United States

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