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...
Homeownership declined in Baltimore during the COVID-19 pandemic, exacerbating long standing issues that have fallen particularly hard on Black communities, a new report by several local and national nonprofit organizations has found. The report, “COVID-19 and Homeownership in Baltimore,” documents how the Black community has lagged in homeownership rates in Baltimore historically. In Baltimore, from...
This report, co-authored by the National Community Stabilization Trust, the National Association of Realtors, and the National Fair Housing Alliance, provides an overview of solutions to protecting homeowners and homeownership from the devastating impacts of the COVID-19 pandemic.
This study, commissioned by the Appraisal Subcommittee of the Federal Financial Institutions Examination Council, provides a detailed analysis of the USPAP Standards and Appraiser Qualifications Criteria.
Special Purpose Credit Programs were first made allowable by the Equal Credit Opportunity Act of 1974. Learn more about these programs and how they can expand equality in financial lending.
This report from the National Fair Housing Alliance and Center for Responsible Lending details the criteria for creating a targeted homebuyer down payment assistance program for first-generation homebuyers.
Closing the racial homeownership gap will require more than eradicating discriminatory lending practices; it will require removing systemic racism from mortgage underwriting.