Low-Income Homeownership
Subtitle: Examining the Unexamined Goal
Contributors: Nicolas P. Retsinas (Editor); Eric S. Belsky (Editor)
Publisher: Brookings Institution Press
Published: September 1, 2002
Language: eng
Format: Paperback
Number of pages: 495
ISBN-13: 9780815706137
Subjects: Poverty; Property & real estate; Social groups & communities; Social aspects; Home ownership; Economics - General; Business & Economics; Politics / Current Events; Real Estate - General; Business/Economics; USA; Low-income housing; General; Public Policy - Economic Policy; United States; Finance
First sentence: Anthropologists point out that the notion of ownership is a cultural construct.
Description: "A Generation Ago little attention was given to homeownership among low-income households. Today homeownership rates among underserved groups, including low-income families and minorities, have risen to record levels. These groups, having benefited from more flexible underwriting standards and greater access to credit, are no longer at the margin of the housing market.

However, a racial/ethnic gap still exists: the rates of homeownerhsip among 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 parts that focus on the following subjects: homeownership trends in the 1990s; overcoming borrowing constraints; financial returns to low-income homeowners; low-income loan performance; and the socioeconomic impact of homeownership."--BOOK JACKET.