Home Improvement Lending in the Third Federal Reserve District: Patterns by Income, Race, and Gender
Abstract: Historically, local, state, and federal policies in the U.S. have encouraged households of all backgrounds to pursue homeownership because of the various benefits of owning a home, such as wealth building, protection against housing cost inflation, and psychological well-being, among others.1 Research has demonstrated that the financial, physical, and psychological benefits associated with owning a home have accrued to homeowners of all stripes. However, LMI, minority, and elderly households often face financial barriers to sustaining homeownership over the long run.
File(s): File format is application/pdf https://www.philadelphiafed.org/-/media/frbp/assets/community-development/reports/1218-cascade-focus-home-improvement-lending.pdf
Provider: Federal Reserve Bank of Philadelphia
Part of Series: Cascade Focus
Publication Date: 2018-12
Order Number: 7