This study is the first, comprehensive assessment of the District of Columbia First-Time Homebuyer Credit program. This program is the only federal program that provides an income tax credit (up to $5,000) for targeted low/moderate-income families and individuals to purchase their first homes in...

The homeownership rate rose from 65% in 1995 to 69% in 2005, yet this rise appears difficult to sustain. We argue that the development of new shared equity mortgages (SEMs) that blur the lines between debt and equity would propel further advances in homeownership. The rationale for these...

<title>Abstract</title> Although the homeownership rate rose from 65 percent in 1995 to 69 percent in 2005, this rise appears difficult to sustain. We argue that the development of new shared‐equity mortgages (SEMs) that blur the lines between debt and equity would propel further advances in homeownership....