CAP en Español
Small CAP Banner

ADVISORY: Low Down-Payment Mortgage Lending: What is the Safe Path Forward?

    PRINT:
  • print icon
  • SHARE:
  • Facebook icon
  • Twitter icon
  • Share on Google+
  • Email icon

Contact: Katie Peters
Phone: 202.741.6285
Email: kpeters@americanprogress.org

Washington D.C. –  New homebuyers are likely to play an important role in a sustained housing recovery, provided they can get access to good mortgages. High down payment requirements are a known barrier to homeownership for households who do not have extensive assets but are otherwise creditworthy. Mortgages with down payments of less than 20 percent down, when structured right, have provided a safe bridge to homeownership and the middle class for many decades. However, in well-intentioned efforts to prevent another mortgage crisis, regulators and policymakers may make it much harder, if not impossible, to buy homes with lower down payments. On Friday, February 1, leading experts in the field of housing policy will join the Center for American Progress for a discussion on these complicated issues.

WHO:

  • Thomas Callahan, Executive Director, Massachusetts Affordable Housing Alliance
  • Mark Goldhaber, Principal, Goldhaber Policy Services, LLC
  • Michael P. Kelly, Director, Department of Housing and Community Development, District of Columbia
  • Janneke Ratcliffe, Senior Fellow, Center for American Progress
  • Joe Valenti, Director of Asset Building, Center for American Progress


WHEN:

February 1, 2013
12:00pm ET – 1:30pm ET
A light lunch will be served at 11:30 a.m.

WHERE:

1333 H Street NW, 10th Floor
Washington, DC 20005

RSVP to attend this event

For more information, contact Katie Peters at 202.741.6285 or kpeters@americanprogress.org.

###

To speak with our experts on this topic, please contact:

Print: Katie Peters (economy, education, poverty, Half in Ten Education Fund, women's issues)
202.741.6285 or kpeters@americanprogress.org

Print: Tom Caiazza (foreign policy, health care, LGBT issues, gun-violence prevention, the National Security Agency)
202.481.7141 or tcaiazza@americanprogress.org

Print: Chelsea Kiene (energy and environment, Legal Progress, higher education)
202.478.5328 or ckiene@americanprogress.org

Spanish-language and ethnic media: Tanya Arditi
202.741.6258 or tarditi@americanprogress.org

TV: Rachel Rosen
202.483.2675 or rrosen@americanprogress.org

Radio: Chelsea Kiene
202.478.5328 or ckiene@americanprogress.org