Down Payment Assistance Focused on First-Generation Buyers Could Help Millions Access the Benefits of Homeownership

Urban Institute, Apr. 7, 2021–Jung Hyun Choi, Janneke Ratcliffe
The authors explore ways to define eligibility for a first-generation-buyer DPA program. Regardless of which definition is used, making it easier for a new generation to establish homeownership through DPA could help millions of people with limited wealth achieve greater financial stability—for themselves and for their children—while closing racial homeownership and wealth gaps.
https://www.urban.org/urban-wire/down-payment-assistance-focused-first-generation-buyers-could-help-millions-access-benefits-homeownership