Owning a home is the primary means by which low-income Americans build long-term assets and increase family wealth. In recognition of those benefits, federal policy has encouraged low-income homeownership, which has climbed to 46 percent. Yet for all of its benefits, maintaining a home over the long term presents special challenges, especially for families with low or unstable incomes, little savings, minimal experience with mainstream financial institutions, or a home in need of extensive repairs. Foreclosure prevention strategies are vital to sustaining homeownership for low-income families.
NCLC Special Reports and Press Releases
- Report: Dreams Foreclosed: The Rampant Theft of Americans' Homes Through Equity-Stripping Foreclosure 'Rescue' Scams, May 2005, PDF (4.7MB)
- Press Release of the Dreams Forclosed report, PDF (35KB)
Background Information and Resources
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