The NeighborhoodLIFT program is another example of our commitment to Alaska and our efforts to build better communities through sustainable homeownership
, said Greg Deal, Wells Fargo Alaska region bank president.
The relationship between student loan debt and homeownership
Rate by State Percentage by state
"Their desire for homeownership
may be similar to that of millennials and Gen X-ers, but graduating into one of the best labor markets in generations might give them the boost they need.
The Wealth Building Through Homeownership
Program is the first-of-its-kind, private-public venture with TDHCA to expand homeownership
for low-to-moderate-income individuals through a USD 10 million loan agreement that increased access to down payment assistance and closing cost funds.
grew after 2001, peaking at 73% in 2007 as many bought homes using subprime mortgages.
It strikes at the heart of long-term homeownership
and sustainable housing finance.
This funding will support financial capability counseling for clients facing significant barriers to homeownership
Advisors will work with families and individuals to stabilize their finances, build or rebuild credit, and establish savings for future home purchase.
The majority of the homes are located in the Bronx and Brooklyn--which have the second and fourth lowest rates for homeownership
of any county in the United States, respectively--and includes a mix of one- to three-family homes and small apartment buildings.
The event will also unveil highlights of Wells Fargo's third annual "How America Views Homeownership
According to the latest Zillow Housing Confidence Index, among people 18-34 years old, 65 percent said homeownership
and the American dream go hand-in-hand--more than any other generation.
Wells Fargo & Company (NYSE:WFC), NeighborWorks America and its network member New Kensington Community Development Corporation (NKCDC) have announced the Philadelphia NeighborhoodLIFT programme, with a USD5m commitment by Wells Fargo to help boost local homeownership