4 ms·
> deed-restricted for low income households How does this work for resales? Do them limit what the owner can sell for or to who the owner can sell to?
by hnburnsy 4y ago
> deed-restricted for low income households
How does this work for resales? Do them limit what the owner can sell for or to who the owner can sell to?
- jimmydddd 4y agoIn NJ, an interesting point is that the owner can only get back roughly the original price of the house when they sell. So it's sort of a double-edged sword as sure, they get to buy and live in a home, but they can't reap the benefits of increased real estate values, which would otherwise be a great benefit for a low income family.
- hnburnsy 4y agoNever heard of that are the restrictions permanent?