Homeownership continuum

dc.contributor.advisorAricanli, Tosunen_US
dc.contributor.authorDeFranza, Andrewen_US
dc.date.accessioned2010-01-25T16:14:11Z
dc.date.available2010-01-25T16:14:11Z
dc.date.issued2004en_US
dc.description.abstractBeverly Massachusetts is a small City with wide income disparity and prohibitive housing costs. The dramatic rise in housing prices over the last 5-10 years has made it impossible for low-income people to purchase homes. The Homeownership Continuum is an attempt at melding new and existing resources to leverage homeownership opportunities for low -income people. The HC provides low-income families with a viable path toward homeownership by addressing each barrier to ownership with pertinent resources. Financial limitations are addressed by the establishment of the Section 8 Mortgage program, the creation of an IDA savings program and the application of existing down payment programs. Limited understanding about credit, basic finance and mortgage processes is dealt with through educational workshops and targeted marketing. The IDA program will offer monthly workshops on these topics. A certified homebuyer class will be offered by the Community Outreach Program in conjunction with a local realtor and local bankers. In addition, information regarding existing first-time buyer programs will be distributed in low-moderate income neighborhoods. Finally, the local affordable housing developers will commit to considering first-time buyer projects as part of their efforts to address the affordable housing shortage. All these fulcrum points are necessary to leverage first time buyer opportunities for low and moderate income families. (Author abstract)en_US
dc.description.bibliographicCitationDeFranza, A. (2004). Homeownership continuum. Retrieved from http://academicarchive.snhu.eduen_US
dc.description.degreeMaster of Science (M.S.)en_US
dc.description.schoolSchool of Community Economic Developmenten_US
dc.digSpecsCreation software: Adobe Acrobat Professional 9.3en_US
dc.format.extent631603 bytesen_US
dc.format.extent3739835 bytesen_US
dc.format.mediaTypePDF/A-1aen_US
dc.identifier.urihttps://hdl.handle.net/10474/166
dc.language.isoen_USen_US
dc.publisherSouthern New Hampshire Universityen_US
dc.relation.requiresAdobe Acrobat Readeren_US
dc.rightsAuthor retains all ownership rights. Further reproduction in violation of copyright is prohibiteden_US
dc.rightsHolderDeFranza, Andrewen_US
dc.subject.lcshSouthern New Hampshire University -- Theses (Community Economic Development)en_US
dc.subject.otheraffordable housingen_US
dc.subject.otherfirst-time homebuyeren_US
dc.subject.otherIndividual Development Accountsen_US
dc.subject.otherSection 8en_US
dc.subject.otherBeverly (MA)en_US
dc.subject.otherMassachusetts (US)en_US
dc.titleHomeownership continuumen_US
dc.typeThesisen_US

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