Building Family Economic Success: Homeownership and Predatory Lending

By the Annie E. Casey Foundation

August 1, 2005

Summary

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.

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.  

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