Homeownership transforms lives. Learn about the outcomes associated with homeownership and how Durham Habitat makes an impact beyond the home.
Homeownership creates long-lasting and life-changing impact on families and communities, from providing a source of wealth and asset-building to influencing health and educational outcomes and contributing to positive community development. The first step in bringing homeownership to more families, however, is to understand who currently has access to homeownership and what factors play a role. Read Evidence Brief: Who has Access to Homeownership?
Improving affordable homeownership leads to numerous outcomes that extend beyond the house, such as greater economic stability, access to quality education, increased civic and social engagement, better health, and a reduced environmental footprint. This evidence brief provides an overview of how families can prosper with greater access to decent, affordable housing. Read Evidence Brief: What are the Benefits of Homeownership?
Homeownership promotes wealth building by acting as a forced savings mechanism and through home value appreciation. Wealth building hinges on the houseowners’ ability to build home equity. Low-income households and households of color have limited access to homeownership due to barriers that include limited supply of affordable housing, restricted access to credit and systematic inequities. Learn about key factors to building home equity and ways that Durham Habitat encourages wealth building. Read Evidence Brief: How Does Homeownership Contribute to Wealth Building?
Black and Hispanic/Latino households face unique barriers to homeownership that prevent access to the beneficial outcomes associated with homeownership, such as wealth building, improved health and higher educational attainment. Historically, structural and institutional obstacles faced by racial and ethnic minorities compounded over time to produce these inequities. This evidence brief explores how racial inequities limit homeownership opportunities and outcomes related to homeownership, such as health and education. Read Evidence Brief: How Do Racial Inequities Limit Homeownership Opportunities?