Yes, it is possible to change your formula if you decide it is not working – whether that’s because it is not adequately maintaining affordability, it is not providing homeowners with an opportunity to build wealth, or it is too cumbersome or problematic for program staff to explain and implement.
If you do change your formula, the new formula can only be put into effect at resale or for new units brought into the program. This means moving forward you’ll have two formulas to administer, so this is not a decision that should be taken lightly, and adequate research and planning should go into any decision to change.
