The Financial Returns to Low-Income Homeownership

Eric Belsky, Nicolas Retsinas, Mark Duda

W05-9: Efforts to promote low-income homeownership have intensified over the past ten years. Under both regulatory and market pressures, the mortgage finance industry has responded by expanding mortgage credit to low-income borrowers (Apgar et al. 2001). As a result, low-income homeownership increased over the course of the 1990s and the first three years of this decade….