By low-income we are talking about working families who earn less than 80 percent of the median income in the region where they live. This alarming disparity has broad societal implications.
Home ownership is an integral part of an individual's and a community's hope for the future.
Over 60 percent of Americans build their wealth through home ownership. Home ownership is the way that average Americans ensure financial security, create opportunity for their families and save for their future. It is a fundamental element for the well-being of a family that also strengthens the community. Children of home owners are less likely to commit crimes, drop out of school, or have children out of wedlock. Home ownership means participation in neighborhood activities, membership in community organizations, voting and paying taxes that go to support schools and build roads.