Click Inside to Read About Our Mortgage-Match Savings program for low-income homeowners
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Introducing HomeReserve: A Mortgage-Match Savings Initiative
Most homeowners finance their home purchase with a mortgage, which is often one of their largest sources of debt. The need for new homeowners to rebuild savings post-purchase is clear, but what's more important for low-income households achieving homeownership? Learn about how Prosperity Now is helping low income homeowners build savings through mortgage-match savings accounts. Read more
Policy
30 Day Extension on Proposed Changes for CRA
Yesterday, FDIC and OCC Announce 30-day Extension of Comment Period for Proposed Changes to Community Reinvestment Act Rules. Prosperity Now will be sharing our comment letter to the Network by March 20.
In The News
Democratic Presidential Candidates Release Policy Plans with Housing Protections
Former South Bend, Indiana, Mayor Pete Buttigieg released his plan Monday for “housing justice in America.” His plan includes constructing 2 million rental units to help house 7 million families, and to improve consumer protections for mortgage lending. The plan also lists expanding housing assistance for more than 5 million families with children as a priority. Read Pete's Plan here
Mike Bloomberg, former mayor of New York City and latecomer in the Democratic race for the presidency, released his financial reform policy plan, and it has sweeping implications for the housing industry. The plan lays out his proposed changes, including a proposal to merge Fannie and Freddie into a single, fully government-owned mortgage guarantor. The new single guarantor would transfer downside risk to private investors. Read Mike's Plan
In The Network
Grounded Solutions Is Hiring
Grounded Solutions Network is now hiring for several positions. This organization supports strong communities from the ground up by working nationally to help local experts access the networks, knowledge, and support they need to develop affordable housing solutions that will sustain for generations. Click Here to find out more.
Last Chance to Fill Out Our Annual Survey!
Want to help shape the future of the Affordable Homeownership Network? Fill out our quick annual survey! Your responses help us connect you with the information, tools and resources you are looking for!
