programs

Nofa: Spring 2021 Homebuyer Assistance Program

Now of their prime house-shopping for years, millennials are stirring up discussions about their behaviors and preferences. The Great Recession interrupted homeownership plans for some and compelled many millennials to lease longer, however what about since then? After a decade of economic recovery, the narrative about millennial homeownership has become surprisingly opaque. This homeownership fee sits well below different generations, however is growing the quickest.

Millennial homeownership has increased steadily even through the aftermath of the Great Recession. According to information from the Urban Institute, housing prices, mixed with elevated health-care expenses, can simply result in financial insecurity for older Americans who are retired. The enhance in neighborhood taxes and residential prices because of gentrification usually has a disproportionate impact on senior residents of colour, McCargo explains, who are then compelled to promote their homes to cowl different expenses. In Detroit, for example, a … Read More