Equity Share For In Alameda

State:
Multi-State
County:
Alameda
Control #:
US-00036DR
Format:
Word; 
Rich Text
Instant download

Description

In equity sharing both parties benefit from the relationship. Equity sharing, also known as housing equity partnership (HEP), gives a person the opportunity to purchase a home even if he cannot afford a mortgage on the whole of the current value. Often the remaining share is held by the house builder, property owner or a housing association. Both parties receive tax benefits. Another advantage is the return on investment for the investor, while for the occupier a home becomes readily available even when funds are insufficient.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Section 6-58.55 of the Alameda Municipal Code requires that landlords provide an initial registration statement for each rental unit, including landlords of units that are subsidized through the Housing Choice Voucher (Section 8) program.

Annual General Adjustment announced, effective September 1, 2024. Pursuant to Alameda Municipal Code Section 6-58.60(B), the Annual General Adjustment for September 1, 2024, through August 31, 2025, is 2.7%. The Annual General Adjustment is a cap on the allowed amount of annual rent increase.

All units in California are covered by the rent-ceiling limitations of State of California rent control except: Affordable housing units, BMR units, project-based subsidized housing and Section 8 voucher units. Dorms constructed and maintained by a university and occupied by enrolled students.

Within the city of Alameda, short-term rentals are legal but hosts must register with the city and collect a 14% transient occupancy tax. There are a few licensed Airbnb listings operating in compliance with city rules.

Annual General Adjustment announced, effective September 1, 2024. Pursuant to Alameda Municipal Code Section 6-58.60(B), the Annual General Adjustment for September 1, 2024, through August 31, 2025, is 2.7%. The Annual General Adjustment is a cap on the allowed amount of annual rent increase.

Section 6-58.55 of the Alameda Municipal Code requires that landlords provide an initial registration statement for each rental unit, including landlords of units that are subsidized through the Housing Choice Voucher (Section 8) program.

On June 4, 2024, the Board of Supervisors passed a motion to extend the temporary cap on rent increases of 4% effective through December 31, 2024, for fully covered rental units.

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Equity Share For In Alameda