The Urban Land Institute and the MacArthur Foundation share a joint project – How Housing Matters. The project is
“an online resource for the most rigorous research and practical information on how a quality, stable, affordable home in a vibrant community contributes to individual and community success.” A recent project story, The First Rung on the Ladder to Economic Opportunity is Housing, stresses that affordable housing should be available to as many families as possible because economic success is limited “without the asset-building power of homeownership.”
Home equity allows Americans to send children to college with less student loan debt and provides primary funds for retirement. “Half of the assets of Americans over age 55 are in their home.”
A family that owns a home has a net worth of 45 times greater than that of a family that rents.
Are you thinking about becoming a homeowner but have questions about the process? We’re here to help, every step of the way.
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