Low-Income Homeownership: Examining the Unexamined Goal
Editorial Reviews
Book 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.
Copublished with the Joint Center for Housing Studies.
About the Author
Nicolas P. Retsinas is director of Harvard University's Joint Center for Housing Studies, and a member of the faculty of the Graduate School of Design and the Kennedy School of Government. He served as assistant secretary for housing and as federal housing commissioner at the United States Department of Housing and Urban Development, as well as Director of the Office of Thrift Supervision.
Eric S. Belsky is executive director of the Joint Center for Housing Studies and an adjunct lecturer in public policy at the Kennedy School. He served as a research director for the bipartisan Millennial Housing Commission and is a specialist in housing finance, economics, and policy.
Low-Income Homeownership: Examining the Unexamined Goal,Nicolas P. Retsinas,Eric S. Belsky,Brookings Institution Press,0815706138,Business & Economics,Business/Economics,Economics - General,Finance,General,Home ownership,Low-income housing,Politics / Current Events,Public Policy - Economic Policy,Real Estate - General,Social aspects,United States
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