Q: Did the housing crisis prove low-income people can’t be successful homeowners?
No! Two at-scale, long-term lending programs show that if the process is done right, low-income homeowners can be as successful as prime borrowers--or more.
A Massachusetts-based program provides home environment assessments, education, and home remediation services—often resulting in the improved health and lives of families.
Research for Organizing Toolkit, a web-based tool by Alexa Kasdan, Lindsay Cattell, and Rosten Woo for the Community Development Project of the Urban Justice Center, 2012.
Sharing the Pain and Gain in the Housing Market: How Fannie Mae and Freddie Mac Can Prevent Foreclosures and Protect Taxpayers by Combining Principal Reductions with "Shared Appreciation," John Griffith and Jordan Eizenga, Center for American Progress, March 2012.
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