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Evidence Matters Features Low-Income and Minority Homeownership

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January 09, 2013  

Evidence Matters Features Low-Income and Minority Homeownership

The Fall 2012 issue of Evidence Matters: Transforming Knowledge Into Housing and Community Development Policy, focusing on low-income and minority homeownership, is now available. PD&R Acting Assistant Secretary Erika Poethig provides the context for this issue, which discusses the risks and rewards of low-income homeownership and ways to promote sustainable homeownership in the post-recession, post-housing-crisis era. This issue also examines the role of Individual Development Accounts as a vehicle for low-income asset building and highlights two shared equity programs that provide affordable homeownership opportunities in northern Minnesota and San Francisco, California.

Key Findings


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  • Creditworthy low-income and minority families face significant barriers to sustainable homeownership, a major vehicle for building wealth and economic opportunity.
  • Access to sustainable homeownership is expanded with fiscal assistance, housing counseling, sound lending practices, flexible underwriting that ensures the ability to pay, and backing by FHA’s mortgage insurance.
  • Efforts to make homeownership accessible to low-income and minority households ultimately depend on economic recovery, a healthy housing market, and increased protections for consumers, investors, and taxpayers.
  • Studies show that participants in Individual Development Accounts experience positive outcomes, such as accelerating the move to homeownership, obtaining safe mortgages, succeeding as homeowners, and avoiding foreclosure.
  • Shared equity homeownership programs facilitate broader access to affordable, low-risk homeownership opportunities for low-income families.

Learn More            

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