NHT’s Insights on Housing: Affordable Homeownership-Balancing Permanent Affordability and Wealth Creation

/
/
NHT’s Insights on Housing: Affordable Homeownership-Balancing Permanent Affordability and Wealth Creation

Owning a home can provide families with stability, financial opportunities, and a sense of community. However, nearly three fourths of would-be homeowners today cite affordability as the barrier that has prevented them from buying a home. This dynamic is exacerbated for families of color, where the US’s legacy of segregation, redlining, and discriminatory policies has led to a racial homeownership gap. While owning a home can symbolize opportunity, high prices keep it out of reach for many households, preventing families from reaping the benefits of homeownership. Today, many organizations are seeking to address this issue by developing and supporting affordable homeownership. But within the affordable homeownership space, there are competing priorities. Should homeownership be kept affordable in perpetuity, through a shared-equity model, making the home accessible for future generations of would-be homeowner? Or should families be able to generate wealth from their home, as has historically been the model in the US? We will bring experts working on both priorities together to explore the possibilities and priorities with affordable homeownership today.

National Housing Trust
September 19, 2024
 – September 19, 2024