Homeownership Without a Net
Despite some new reforms, low-income households buying homes outside the traditional mortgage market are still at tremendous risk—and often legal limbo.
Can Lease-Purchase Save Us?
As developers struggle to find buyers for rehabbed affordable homes, many are looking to a lease-purchase model to expand the pool of potential owners. But lease-purchase is far more complicated than just an end-run around the credit crunch.
The Self-Help Model
In 2008, Self-Help Federal Credit Union began working on a way to help lease-purchase programs come to scale. Although it originally thought it would...