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HOMEOWNERSHIP – FROM THE DESK OF THE EXECUTIVE DIRECTOR OF METEC

Emerging from the housing crisis, is homeownership still a sound social and financial investment?

Cheryll Boswell

Cheryll Boswell

As the economy emerges from the housing crisis it can be debated if homeownership is a good decision for low-income families. Statistically low-income households were the hardest hit by the housing disaster. METEC believes that homeownership is still a good financial investment. We use homeownership as a tool to help low-income families build assets and increase their personal wealth.

Assets can make a difference in a household’s ability to survive a financial crisis when something like a job loss or illness occurs. Socially, homeownership provides borrowers with control over their environment along with a sense of security. Clients that participate in our homeownership program get validation on the decisions they’ve made throughout the entire home buying process. The validation clients receive bolsters confidence in their financial investment both socially and economically.