Stay Informed!

Posted on 09/03/2010 @ 02:59 PM

Tags: ALC 2010, Housing and Homeownership

Pig stopped by the U.S. Department of Housing and Urban Development (HUD) today. According to HUD, homeownership has become a reality for more Americans over the years. A home is a financial asset and more: it's a place to live and raise children; it's a plan for the future; it's an investment in the community.

That's why HUD has programs so that all Americans have an opportunity to enjoy the benefits of owning a home. In fact, HUD has helped more than 30 million people become homeowners since 1934. During 2000, the US homeownership rate reached 67.7%, the highest rate ever. However, many of these gains in homeownership have been lost, due to the mortgage foreclosure crisis in recent years. Communities across the US are experiencing steady and even increasing rates of foreclosure, as well as an increase in the number of homeowners at risk of foreclosure.

NeighborWorks America, our Homeownership Sponsor, has worked to improve this situation through programs aimed at stabilizing communities hit hard by foreclosures, preventing future foreclosures and supporting new home purchases with appropriate and affordable financing. NeighborWorks is offering the following sessions at the Assets Learning Conference: Getting Affordable Homeownership Right: Strategies to Support Sustainability, Shared Equity Homeownership: Strategies to Grow and Preserve Affordable Homeownership and Community Stabilization and Foreclosure Prevention.