Minority Homeownership At All-Time High

Minority homeownership rate set a new all-time record of 48.8 percent in the second quarter of 2001, with 13.2 million minority families owning their homes.

1 minute read

July 28, 2001, 8:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

The overall homeownership rate of 67.7 percent tied the all-time record high. A total of 72.3 million American families owned their homes in the second quarter of this year - the most at any time in American history. The new 67.7 percent homeownership rate ties the previous all-time record set in the third quarter of 2000.The Bush Administration is proposing several initiatives to increase housing opportunities for all Americans, particularly minority families and those with special needs. For example, the President is proposing a $200 million American Dream Downpayment Fund and is expanding the Section 8 Homeownership Program to help low-income families overcome the initial costs of buying a home.

Thanks to Abhijeet Chavan

FULL STORY: HUD 01-072

Thursday, July 26, 2001 in HUD News

Housing United States

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Cover CM Credits, Earn Certificates, Push Your Career Forward

Learn More

Advertise with us

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.