Why Homeownership is Important
to the Economy
Homeownership and You
Homeownership is part of the American Dream that provides families with emotional and financial stability. Building household wealth through equity, overtime it can create the opportunity the transfer of generational wealth.
Homeownership and the Community
Homeownership prevent community from eroding by building strong and stable communities. In addition, it strengthens the cities and towns tax treasury, improves health, reduces crime, and creates over all social benefits
Homeownership and the Economy
The housing market is a major driving force for the local and national economy. Homeowners buy more goods and use more services in their respective communities, positively affecting the local economy, therefore the nation.
Thinking about buying a home? We have information that can help! Got questions? Talk to one of our housing counselors!
FHA ( Federal Housing Administration )
The Federal Housing Administration (FHA) is the largest mortgage insurer in the world with an active insurance portfolio of over $1.3 trillion. Each year, FHA helps more than a million homebuyers achieve the dream of sustainable, affordable homeownership of single-family homes, while our insurance programs for multifamily properties support the availability of over 300,000 affordable rental units, including those for seniors and people with disabilities. FHA's healthcare insurance programs facilitate access to hospital medical care and assisted living in hundreds of communities across the country.
Part of HUD's Office of Housing, FHA operates as a self-funded entity, obtaining capital to operate its programs from the mortgage insurance premiums it receives from lenders that participate in its programs.
In addition to the federal rental assistance, homeownership and home buying assistance programs, there may be programs sponsored by your state or local government or other organizations that can help you. Select the state that interests you
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The Fair Housing Act prohibits discrimination in loans that are secured by residential real estate or that are for the purchasing, constructing, improving, repairing or maintaining a dwelling. This includes mortgages, refinancing, home equity loans and home improvement loans. Learn more about Fair Housing Rights and Responsibilities