 | Low-Income Homeownership: Examining the Unexamined Goal Subjects: Home ownership -- Social aspects -- United States; Low-income housing -- United States; Low-income housing -- United States -- Finance; Homeowners -- United States -- Economic conditions; A Brookings Institution Press and Harvard University Joint Center for Housing Studies publication 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. Nicolas P. Retsinas is director of Harvard University's Joint Center for Housing Studies and a member of the faculty of the Harvard Graduate School of Design, the Kennedy School of Government, and Business School. Eric S. Belsky is managing director of the Joint Center for Housing Studies and a lecturer in the Harvard Graduate School of Design. |
