Brief

This fact sheet, part of a series dedicated to economically empowering families across the country, tells how a surge in predatory lending practices is dampening the already elusive dream of homeownership for many low-income Americans. Readers will learn what the Annie E. Casey Foundation is doing to reverse this trend and help all families afford — and then afford to keep — their very own homes.

August 1, 2005

Building Family Economic Success Fact Sheets

In This Report, You’ll Learn

  1. 1

    Why owning a home = financial leverage.

  2. 2

    Facts about the subprime market and predatory loans.

  3. 3

    What hurdles low-income families face when buying a home.

  4. 4

    How Casey is helping these families pursue homeownership.

Key Takeaway

Owning a home can open many doors for low-income families

For many low-income families, homeownership represents their only real chance to save a substantial amount of money and advance to the middle class. Accumulated home equity also gives these families a financial edge when retiring, paying for college or navigating a crisis.  

Findings & Stats

Statements & Quotations