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Low-Income Homeownership : Examining the Unexamined Goal, Paperback / softback Book

Low-Income Homeownership : Examining the Unexamined Goal Paperback / softback

Edited by Nicolas P. Retsinas, Eric S. Belsky

Part of the James A. Johnson Metro Series series

Paperback / softback

Description

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.

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