A shear brace assembly is provided which laterally braces wall lines within a structure, such as a house or other residential construction, while also providing vertical and out-of-plane load carrying capacity. The assembly consists of one or more wood-based panel(s) which are rigidly connected to concrete, masonry or wood support material directly below or above the shear brace assembly bearing surface. The term “wood-based” should be interpreted to mean that the panel may be constructed from a natural wood, or partially or wholly from an engineered wood, such as Timberstrand®, Parallam®, or the like. Ductile anchorage assemblies are used below, and in some applications, above the individual panels.