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

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.


  • 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


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


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

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For more information, contact Katie Peters at 202.741.6285 or