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Fact Sheet Healthy and Affordable Housing

Mortgage and Homeownership Assistance

January 11, 2022


Research indicates that policies designed to facilitate home ownership may do more to improve health and wellbeing, as well as economic stability, than renter protections. Home ownership rates in the U.S. remain low, especially among Black and Hispanic residents. One of the significant barriers is the need for most first-time homebuyers to obtain mortgages, which require that they have decent credit scores, steady incomes, and cash reserves to qualify. Federal and state mortgage lenders and/or assistance programs can remove some of these barriers to homeownership.