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New NeighborWorks America housing survey shows hope despite challenges |
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According to a new NeighborWorks America housing survey, 89 percent of adults say homeownership is an “important” part of the American Dream. However, student loan debt, a complicated mortgage process and high rents are keeping many prospective first-time homebuyers from putting out the welcome mat.
Fortunately, NeighborWorks and our network of organizations support a variety of programs that help people reach their homeownership goals. |
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Student loan debt closes door on homeownership |
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NeighborWorks’ fourth annual housing survey shows that student loan debt is one of the biggest barriers to homeownership for many Americans.
According to the newly released NeighborWorks America Housing Survey, of the people who reported that they were saddled with student loan debt, more than half said it was “somewhat or very much” an obstacle to homeownership.
Overall affordability was also problematic. Only 45 percent of those surveyed believe where they live is affordable for first-time homebuyers. |
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Affordable housing offered for Georgia’s ‘invisible homeless’ |
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Georgia is one of the poorest states in the country, and many of its residents are senior citizens forced to spend much of their limited income on housing.
In Columbus, many older residents live in substandard housing. However, because they have a place to live, they are not classified as homeless under federal definition and thus cannot receive public assistance. Read how our network member NeighborWorks Columbus is helping elderly residents move from substandard housing to new cottages. |
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Developing Hispanic leadership requires creative outreach |
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The Hispanic community often is widely decentralized, which makes leadership development and resident engagement more difficult. Outreach strategies typically used in rural areas can be the recipe for success. In this case study, Neighborhood Housing Services of Southwest Wisconsin explains how. |
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