Homeownership is the cornerstone of financial stability and generational wealth for many American households. But the mortgage lending system has historically not served all households equally, as explicit discrimination in lending has affected households of color for years. This has created a significant need for specialized assistance to ensure equal credit access, leveling the playing field for all American households.
Authors
- Pages
- 51
- Published in
- United States of America
Table of Contents
- Contents 3
- Acknowledgments iv 3
- 1. Introduction 1 3
- 2. SPCP Background 3 3
- 3. Homeownership and Mortgage Application Disparities 6 3
- 4. Racial Wealth Disparities 15 3
- 5. Target Market Analysis and SPCP Design 24 3
- 6. Conclusion 37 3
- Appendix 38 3
- Notes 43 3
- References 44 3
- About the Author 45 3
- Statement of Independence 46 3
- Acknowledgments 4
- 1. Introduction 5
- 2. SPCP Background 7
- Additional SPCP Requirements 8
- 3. Homeownership and Mortgage Application Disparities 10
- The State of Racial Homeownership Gaps 10
- Mortgage Application Disparities in Denial Rates 15
- 4. Racial Wealth Disparities 19
- Wealth Disparities Parental Housing Wealth 20
- Wealth Disparities Rental Cost Burden 22
- Wealth Disparities Cash for Down Payments 24
- 5. Target Market Analysis and SPCP Design 28
- Sizing the Intended Market 28
- Measuring Program Criteria Person-Based and Place- Based Criteria 30
- 6. Conclusion 41
- Appendix 42
- Notes 47
- References 48
- About the Author 49
- S I 50
