Homeownership

Undocumented immigrants could have a new pathway to the American dream of owning a home. Assemblymember Joaquin Arambula (D-Fresno) introduced Assembly Bill 1840 last month to expand the eligibility requirement for a state loan program to clarify that loans for first-time buyers are available to undocumented immigrants. The California Dream for All Shared Appreciation Loans program that launched last March by the California Housing Finance Agency offered qualified first-time home buyers with a loan worth up to 20% of the…

Colorado suffered the biggest drop in its homeownership rate of any state last year, according to counts from the U.S. Census Bureau. But economists and demographers in the state aren’t buying it. The homeownership rate, a measure of how many households own the place where they live versus renting it, was 69.7% during the fourth quarter of 2022. It moved up to 70.2% in the second quarter of 2023 before plunging to 62.7% in the fourth quarter. No other state came close to matching that 7 percentage point decline last year.…

Credit: Unsplash/CC0 Public Domain Yolanda, 61, owns a home in the predominantly Black 7th Ward neighborhood in New Orleans. To fix her leaking roof in 2020, she had to borrow money.…

Since the housing crisis in the late 2000s, real estate has continued to evolve rapidly which has only been accelerated by the impacts of the global pandemic. Co-investing treats property investment more like how a company can issue shares to multiple investors, mitigating the need for saddling home buyers with high debt and allowing investors to participate with smaller amounts of capital – opening up the asset class to many who have been prevented from participating. Divisible Inc is a platform that lets investors pool…