Low-income homeownership

By Nicolas Paul Retsinas, Eric S. Belsky

Subjects: POLITICAL SCIENCE, Infrastructure, Poor, housing, SOCIAL SCIENCE, Low-income housing, Economic conditions, Finance, Finance, united states, Homeowners, Public Policy, BUSINESS & ECONOMICS, Social Policy, Woningbezit, United states, economic conditions, Lage-inkomensgroepen, Home ownership, Social aspects, General

Description: Annotation A generation ago little attention was focused on low-income homeownership. Today homeownership rates among under-served groups, including low-income households and minorities, have risen to record levels. These groups are no longer at the margin of the housing market; they have benefited from more flexible underwriting standards and greater access to credit. However, there is still a racial/ethnic gap and the homeownership rates of minority and low-income households are still well below the national average. This volume gathers the observations of housing experts on low-income homeownership and its effects on households and communities. The book is divided into five chapters which focus on the following subjects: homeownership trends in the 1990s; overcoming borrower constraints; financial returns to low-income homeowners; low-income loan performance; and the socioeconomic impact of homeownership.