Thursday, April 2, 2009

Initiative for a Competitive Inner City Invites You to Participate in a Webinar Focused on Foreclosure Prevention & Shared Equity Homeownership

On April 8, the Initiative for a Competitive Inner City will host a Webinar entitled, "Discovering Opportunity: Using the Foreclosure Crisis to Address Challenges in Inner City Economic Development," from 3 - 4 p.m. EDT. The event – which will focus on "shared equity" – is the third in a series of Webinars focusing on opportunities that can be developed out of the foreclosure crisis, discussing how civic and business leaders might leverage this crisis to address other critical issues in inner city economic development.

Shared equity is a housing ownership structure that straddles rental and traditional homeownership by offering an alternative model of affordability that may be well-suited to inner city communities. The strategy is used to build a bridge between the current options of rental housing and traditional ownership and can be used to generate real wealth for families and preserve the affordability of ownership for generations of new homeowners.

Panelists for the event include:
George McCarthy, program officer, Asset Building and Economic Development, Ford Foundation;
Rick Jacobus, partner, Burlington Associates in Community Development; and
Jim Gray, vice president, NCB Capital Impact

To register for the event, please visit this lnk:

In the meantime, don't forget to sign up for the "Shared Equity Homeownership" and "Foreclosure Prevention" Discussion Groups on the Discussion Forum to exchange ideas with your peers on these topics and more.

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