As developers struggle to find buyers for rehabbed affordable homes, many are looking to a lease-purchase model to expand the pool of potential owners. But lease-purchase is far more complicated than just an end-run around the credit crunch. Join us TODAY, 2 p.m., EST for a webinar sponsord by NeighborWorks America and NHI/Shelterforce.
The webinar, “Can Lease Purchase Save Us?,” sponsored by NeighborWorks America and the National Housing Institute/Shelterforce, will feature Shelterforce editor Miriam Axel-Lute leading an informative discussion based on her groundbreaking article of the same name, published earlier this year. Speakers Bill Goldsmith of Mercy Housing Inc., in Chicago, Staci Horwitz of City of Lakes Community Land Trust in Minneapolis, and John O’Callaghan of the Atlanta Neighborhood Development Partnership, Inc. will address a variety of issues that are critical in planning a successful lease-purchase program:
Short-term vs. long-term conversion: what is the primary goal of your lease-purchase program? Is it to turn the property over to a homeowner as quickly as possible or to get the property occupied quickly to avoid vandalism and further deterioration of the neighborhood?
Property management issues: what are the challenges and strategies to address what is unique about scattered site property management for occupants in transition from rental to ownership?
Buyer development issues: how can you make sure that your lease-purchasers are on a steady path to ownership?
To register for this free Webinar, click here.
For more information, click here