Homeownership has long been the primary way for families to build wealth in the United States.
Homeownership has long been the primary way for families to build wealth in the United States.Owning an affordable home can offer working families stability, security and a legacy to pass on to the next generation. Eliminating racial disparities in homeownership is one of the most powerful ways to narrow the racial wealth divide.
However, lack of access to affordable financial products, the legacy of discriminatory housing policy, the shortage of affordable starter homes and other barriers keep too many Americans from seeing them benefits of their investment—or even starting on the path to homeownership.
At CFED, we believe that with the right tools and resources, more low- and moderate-income Americans and people of color can unlock the wealth-building benefits of homeownership. Through research, policy advocacy and the strength of our nationwide network, our work supports access to the financing, financial capability services and housing options that families need to successfully become homeowners.
- CFED and 28 other organizations signed on to a National Community Reinvestment Coalition (NCRC) proposal that will help foster and promote economic growth. View the letter and proposal here.
- CFED and over 3,400 other national, state, local, and tribal organizations and governments sent a letter urging House and Senate Leadership to lift the spending caps required by the Budget Control Act equally for defense and non-defense programs and to ensure the highest funding possible for affordable housing, community development and transportation programs on a potential Duty to Serve chattel lending pilot.
- CFED just released a report, A Downpayment on the Divide, outlining how decades of racist policy and industry practices led to a deep racial divide in homeownership rates and outcomes and proposing policies to expand homeownership opportunities for more households of color.
- CFED and NCLC just submitted comments on a potential Duty to Serve chattel lending pilot.
- CFED signed onto a letter urging Congress to oppose efforts to roll back the Affirmatively Furthering Fair Housing rule.
- Check out our new resource, Titling Reform: How States Can Encourage GSE Investment in Manufactured Homes.
- This updated resource guide, First Steps Toward a Resident Purchase Opportunity, provides ways to move states toward greater support for resident purchase opportunity.
- This year we launched an I’M HOME Network Steering Committee and five working groups in key areas. For more information, email Merrit Gillard at email@example.com.
- Get up to speed on the latest policy, research, and events in I'M HOME's March newsletter!
- The final Duty to Serve rule is out! Read CFED's press release, and get the recordings (part 1 & part 2) of our webinar with NCLC to learn more. You can submit general input on the rule here.
- Check out this report, Mobile and Manufactured Homes in Central Appalachia and Alabama!
- Read the report, Steps Forward: Delivery of Competative Manufactured Home Financing in Land-Lease Communities, Especially with Long-Term Secuity of Tenure by Kevin Walker of the Northcountry Cooperative Foundation.