Buying a home represents the cornerstone of American prosperity for many.
But for lower-income families and communities of color, homeownership can often feel like a distant dream. Despite all the benefits of owning a home — ditching the rent cycle, building equity, instilling a sense of community pride — persistent barriers to fair and equal access to mortgage lending are shutting many families out.
Real estate nonprofit Acts Housing is on a mission to change the trajectory of homeownership in racially segregated Milwaukee. The organization is tackling the region’s homeownership gaps by breaking families out of the rent cycle and guiding them step-by-step through a complex mortgage lending system with its financial coaching, lending, real estate and home rehab services.
READ FULL ARTICLE HERE