Open Market Discount: Making Homeownership Affordable and Sustainable
At the Fair Living Foundation, we are committed to making homeownership more accessible for key workers, young professionals, and older residents. Our Open Market Discount Model provides homes at significantly reduced market rates, ensuring affordability while keeping properties within the local community.
How Does the Discount Work?
We offer homes at three different discounted rates based on open market values:
25%
Discount – A flexible option for buyers who can afford a larger share but still need financial support.
50%
Discount – A balanced approach that provides affordability while maintaining long-term value.
75%
Discount – The most accessible option, ensuring those in need can secure stable housing at the lowest entry cost.
Each of these options ensures that homeowners retain their proportional share of ownership, allowing for fair resale terms in the future.
Who Benefits from the Open Market Discount?
Our model is designed to support various community groups, helping them secure affordable homes while fostering a stable, inclusive community.
This ensures that vital members of the community—such as nurses, teachers, emergency service workers, and older residents in need of secure housing—are prioritized in our development.
Financial Impact of Open Market Discounts
Example: Home Prices Under Different Discount Levels
The following figures illustrate the price adjustments when applying the Open Market Discount to homes in our development:
These figures demonstrate how significant the price reductions are, ensuring homes remain affordable while maintaining long-term community sustainability.
How it works
The Open Market Discount model is designed to make homeownership accessible while ensuring homes remain within the local community. Here’s how it works in four simple steps:
Buy Your Home at a Discounted Price
✔ Choose a home with
25%, 50%, or 75% discount based on the Open Market Value.
✔ Available to
key workers, young professionals, and older residents who meet eligibility criteria.
Live & Enjoy Your Home
✔ Settle into a
sustainable, community-focused neighborhood with green spaces and shared amenities.
✔ Benefit from
low-cost, long-term homeownership in a stable environment.
Selling & Resale Process
✔ If you decide to sell, you must offer your share to the
Fair Living Foundation first, based on market value.
✔ The Foundation has
28 days to decide whether to repurchase your share.
Fair & Transparent Future Options
If the Foundation repurchases, the sale completes within
90 days.
✔ If selling on the open market, the Foundation ensures the new owner meets community eligibility.
✔ Special arrangements for
older residents allow guaranteed buyback at the original price (minus a 2% fee).
Want to learn more?
Apply now to see if you qualify for an Open Market Discount home.