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NeighborWorks Southern Colorado Shared Equity Homeownership Program

NeighborWorks is committed to making homeownership affordable and attainable for low- and moderate-income families using the NeighborWorks Southern Colorado Shared Equity Homeownership Program (NWSoCo SEHP) through deed restriction.

Not all Families are in a position to help, that’s why NeighborWorks created the NeighborWorks Southern Colorado Shared Equity Homeownership Program.


What is Shared Equity?

“Shared equity homeownership is a self-sustaining model that takes a one-time public investment to make a home affordable for a lower-income family and then restricts the home’s sale price each time it is sold to keep it affordable for subsequent low-income families who purchase the home.”  

Source: Grounded Solutions Network, www.groundedsolutions.org 

The first family builds wealth and then “pays it forward” 

What are the advantages of using NeighborWorks Shared Equity Homeownership Program (NWSoCo SEHP)?

  • The ability for low to moderate income (LMI) buyers to qualify and purchase homes at a lower price and become homeowners while building personal wealth from equity that grows due to owning their home.  
  • Allows public investments to go further and build over time, helping familiy after family.
  • Strengthens communities by providing long term affordable housing.
  • Provides stability, reducing overall and financial stress for households

Shared Equity may be for you if...

  • You are a first-time homebuyer
  • Higher interest rates are pricing you out of the housing market

How does Shared Equity work?

Pueblo’s family-first mentality has been using a form of shared equity for generations to help families purchase their homes. Parents and Grandparents have often helped their children and grandchildren purchase homes by providing their own funds (Equity) towards the home in the form of a down payment. Generally, the family expects the financial assistance to be paid forward and continue to grow in generational wealth; helping families to become more fiscally secure and overall improve stability. This is what we call “Shared Equity”.

Program Requirements

Each home within the program has its own income limits based on HUD Guidelines and is identified in the home listing. 

  • Completion of a homeownership counseling program approved by the Program manager
  • Must Qualify for a first mortgage loan
  • Home must be owner occupied, restrictions apply
  • Household size must be appropriate for home
  • Homeowner must agree to all restrictions
  • May not own another home at time of purpose

See below chart for reference or view HUD income limits here