The Homeownership Experience of Low-Income and Minority Families: A Review and Synthesis of the Literature

In the interest of supporting the development of effective policies for promoting and supporting homeownership, as well as to address the concerns raised about those who fear there is too great an emphasis on promoting homeownership, the purpose of this report is to review and synthesize what is known about the homeownership experience of low-income and minority households to assess the extent to which homeownership is likely to benefit these groups. While there have been several recent reviews of the literature that have assessed the empirical evidence on the benefits of homeownership, this study is unique in an explicit focus on what is known about the homeownership experience of low-income and minority households.