The Keys Unlock Dreams Initiative (KUDI) was launched in 2019 to address the precipitous decline in homeownership for Black people as well as systemic challenges faced by Black, Latino, and other consumers of color in their attempts to access homeownership since these groups have been blocked from having equal access to housing opportunities. Our goal...
Homeownership has long been a path to creating financial security and intergenerational wealth, and it continues to be the primary driver of wealth building for families in the U.S. today. While homeownership rates overall have been on the rise, the cost of purchasing a home is significantly higher compared to a year ago, pricing many...
This 2022 Keys Unlock Dreams Initiative Impact Statement details the successes of the program.
The National Fair Housing Alliance (NFHA) and Mortgage Bankers Association (MBA) announced a new online toolkit for mortgage lenders interested in developing Special Purpose Credit Programs (SPCPs).
Racial discrimination in home appraisals continues to affect Black and Latino homeowners throughout our country, and a new federally-commissioned report from the National Fair Housing Alliance (NFHA) identifies recommendations to address this crisis.
The National Fair Housing Alliance (NFHA) has developed an interactive web service that quickly connects renters who need support to pay their rent or utilities to programs that can provide assistance, addressing a problem that has become more acute because of the COVID-19 pandemic and the economic dislocation that followed it.
How can communities and local governments turn the tide on vacant and so-called “zombie” homes (those caught in foreclosure limbo) that drive crime, sap the resources of municipalities and undermine most significantly the wellbeing of Black and brown people and their neighborhoods? A report from LISC, in collaboration with Urban Institute, describes in concrete detail how a New York State law, proceeds from an Attorney General settlement with banks responsible for the foreclosure crisis, and a groundbreaking initiative stewarded by LISC have helped municipalities across New York State do just that.
Racial disparities in the housing market have been stark for nearly a century. Because of the pervasive influence of structural racism, people of color have experienced the greatest barriers to accessing and maintaining homeownership. Read about how data can be used to help close the gap.
Place-based Special Purpose Credit Programs, which target distinct geographic areas rather than specific people, are one of many tools available to help close the racial homeownership gap.
Even with more Americans tackling systemic racism, including the Biden administration making racial equity a priority, the homeownership gap between Black and white Americans continues to grow, widening the racial wealth gap and other economic disparities.