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NevilleTheCactus t1_j5p2hos wrote

You own the entire home, but you lease the land it is on. For all intents and purposes, you own it all and can do whatever you want with it within reason. They set it up this way so that you are legally required to sell it back to them if you ever wish to sell. If you do sell, you only receive 25% of the net market increase, and 75% goes back into the program to help keep homeownership affordable.

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