How do you eliminate the possibility that a homeowner will profit from the sale of the Habitat home on the open market?
Habitat writes restrictions into the sales documents of the homes that require the homeowner to offer the home back to Habitat should they need to sell. We also write a shared appreciation agreement for the difference in the market value of the home and the amount of the first (no-profit) mortgage. The shared appreciation agreement would be triggered in the event that the homeowner tried to sell the home on the open market.
