The Push and Pull of Alternative Pathways to Affordable Homeownership

Although alternative financing can offer a pathway to homeownership for borrowers who cannot access a mortgage, some of these borrowers go on to experience higher costs, eviction, a loss of equity, and other unforeseen costs. The Urban Institute and The Pew Charitable Trusts will present their latest findings on pathways to homeownership, such as lease-purchase agreements, manufactured housing chattel financing, and small-dollar mortgages. Panelists will discuss how reforms can enable more low-and middle-income households to pursue the American dream of homeownership and what attendant challenges and tensions these households face.