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Housing Counseling Works: 2023 Update


Report Acceptance Date: January 2023 (37 pages)

Posted Date: January 23, 2024

This paper serves as an update to the original 2017 publication, titled Housing Counseling Works. The updated report briefly reviews and summarizes research related to homebuyer education and housing counseling services, as well as incorporates new research that has become available since 2017. In addition to expanding existing sections, this paper includes further insights from HUD’s First-Time Homebuyer Education and Counseling demonstration, along with research examining housing counseling services associated with Home Equity Conversion Mortgages (HECMs) and HUD’s Housing Choice Voucher (HCV) homeownership program. Additionally, a new section presents research examining disparate housing and financial outcomes for individuals and families. Evidence suggests that housing counseling can improve housing outcomes for homebuyers, homeowners, and renters, although housing and financial counseling may yield unequal benefits to different demographic groups. This paper also identifies a lack of research studying equity and equity outcomes in homebuyer education and counseling services and points to the need for more research on the relevance and utility of standard curricula and services for different demographic groups.


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