what is limited by equity?
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A limited equity housing (also known as LEHCs) is a special form of residential arrangement that is managed by a nonprofit cooperative corporation. The arrangement usually puts restriction on the amount of equity that a member may earn upon resale of the unit to preserve its affordable price.
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You may not be familiar with the concept of a limited equity housing cooperative, but if affordable housing is important to you, you should get to know these types of buildings. ... The main difference is that limited equity cooperatives offer below-market buy-in, and are only for people with low or moderate incomes.
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