In 10 years, this becomes the new “racist redlining”.
What starts out as a creative solution to get low income people into housing becomes “locking people of color out of real estate wealth creation”, particularly if the 3rd parties who end up buying equity positions in people’s homes wind up being banks or hedge funds. I can see the hysterical headlines now.
Who in their right mind would buy equity in a home that is going to be lived in by section 8 type home owners? That’s crazy.....
“racist redlining” is a possibility. More likely the homes will be dilapidated from not being taken care of, and be worth about 50% of what the people paid for them. And, there will be little or no equity in them for anybody.
This has nothing to do with getting Millennials into homes (without families they don’t need them - and most will never have families), and everything to do with getting foreigners into them (as the people trafficked here to replace Americans in those same homes). Immigrants can be a frugal bunch, and I’m sure many see the writing on the wall - They are being steered towards homeownership as a means of funding masses of gibsmedats that have chased the American taxpayers away from them.
I don’t think anyone wants people of color as homeowners anymore (since that would make them taxpayers with responsibilities); rather, the homeowners are to be their piggy banks. We have reached a point similar to the Quartering Act that preceded the American Revolution (by which colonists had to provide room & board for British troops); homeowners (of any color) are going to be assigned an allotment of gibsmedats (also of any color) for which they will be required to provide housing, free public education, and food (free breakfast & lunch, plus food stamps).
Head to colder climates; when funds dry up gibsmedats flee those areas.