Evidence Matters: Transforming Knowledge into Housing and Community Development Policy
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This issue of Evidence Matters examines various approaches to promoting successful homeownership opportunities for low-income individuals as well as the concerns these efforts raise. The lead article, “Paths to Homeownership for Low-Income and Minority Households,” discusses the benefits and risks of low-income homeownership, economic and racial differences in homeownership rates, and HUD programs that make homeownership affordable, expand access to safe financing, and prepare buyers to be successful owners. The Research Spotlight article, “Individual Development Accounts: a Vehicle for Low-Income Asset Building and Homeownership,” examines how IDAs have become an important asset-building tool for low-income populations and a potential path to more successful low-income homeownership. Finally, the In Practice article, “Shared Equity Models Offer Sustainable Homeownership,” looks at two shared equity homeownership models — a land trust in Minnesota and a below-market-rate ownership program in San Francisco — to understand how these options can help communities make homeownership more accessible. In this Issue: |
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The contents of this article are the views of the author(s) and do not necessarily reflect the views or policies of the U.S. Department of Housing and Urban Development or the U.S. Government.
Note: Guidance documents, except when based on statutory or regulatory authority or law, do not have the force and effect of law and are not meant to bind the public in any way. Guidance documents are intended only to provide clarity to the public regarding existing requirements under the law or agency policies.