Public Policy

CAPITAL MAGNET FUND POLICY RECOMMENDATIONS

There are several ways the homeownership gap drives the wealth gap. The first driver is simply the gap in the homeownership rate itself. Because homeowners typically have equity in their homes, they have more wealth than renters.

Mike Loftin, CEO, Homewise

HOME PROGRAM RECOMMENDATIONS

The HOME program was created by federal legislation in 1990 in order to provide federal funding to support affordable housing. Since 1992, HOME has deployed approximately $36 billion to state and local governments which they, in turn, allocated to local affordable housing programs

Mike Loftin, CEO, Homewise

TAXING HIGH-END REAL ESTATE TRANSACTIONS TO INCREASE HOUSING AFFORDABILITY IN SANTA FE

Rapidly escalating housing costs are driving an exodus of low- and moderate-income families from Santa Fe, changing the city’s very nature and undermining quality of life for all residents.

by Kelly O’Donnell PH.D. | Chief Research & Policy Officer, Homewise