The low-income buyer purchases a house with the structure
of a down payment for equity, mezzanine finance, and
debt. The equity comes from two sources, the borrower’s
resources and a drawing from a rotating savings account. The
equity fund pools contributions from individuals wanting
to buy a home. The funds are deposited centrally in a trust
account at a participating depository lender. Individuals sign
a contract to make contributions to the pool annually for a
given number of years. Once the pool is complete for that
year, all members who have not previously won have the