Obstacles to Low-income Communities Accessing Mortgage CapitalResearch funded by Enterprise Community Partners
Center researchers examined the obstacles low-income and minority communities face in accessing mortgage capital, particularly those targeted by the U.S Department of Housing and Urban Development’s Neighborhood Stabilization Program.
The UNC Center for Community Capital conducted research project with funding from Enterprise Community Partners to gain a deeper understanding of the obstacles that low-income and minority communities face when trying to access mortgage capital.
The research focused in particular on communities targeted for assistance by the U.S Department of Housing and Urban Development’s Neighborhood Stabilization Program. That program focused resources on communities to help them stabilize following devastating foreclosures and abandonment.
Researchers determined which new barriers to mortgage lending existed in communities hit hard by foreclosures and identified solutions to expand the availability of sustainable mortgage lending that Enterprise and its community development partners could successfully implement.
They analyzed market trends, conducted interviews with key experts and policymakers familiar with the needs, barriers and products for low- and moderate-income homebuyers, surveyed housing counselors and conducted in-depth case studies of individuals and communities.