The Low-Income First-Time Homebuyers (LIFT) Act will help reduce the racial wealth gap by allowing qualified buyers to build equity–and wealth–at twice the rate of a conventional 30-year mortgage.
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On the State of Black Homeownership
The National Association of Real Estate Brokers has released its “State of Housing in Black America Report,” which aims to provide a comprehensive annual analysis of Black homeownership and the historic barriers they face when seeking to purchase a home.
Read More »HUD Report Examines Barriers to Small-Balance Mortgages
Loan origination and servicing costs per loan have risen over time, as a new HUD study examines the impact of these factors on affordable homeownership for those interested in lower-priced homes.
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