Low Income Homeownership: Examining the Unexamined Goal

Book Overview

A Brookings Institution Press and Harvard University Joint Center for Housing Studies publication
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.

• Format: Paperback
• Language: English
• ISBN: 0815706138
• ISBN13: 9780815706137
• Release Date: August 2002
• Publisher: Brookings Institution Press
• Length: 512 Pages
• Weight: 1.60 lbs.
• Dimensions: 1.1" x 6.1" x 9.4"