Advancing Homeownership Opportunity: An Update on Recent Innovations 2023 | Federal Reserve Bank of Philadelphia | 13 September 2023 | Online

For many Americans, owning a home is an effective tool for building household and generational wealth. Yet not all Americans have shared in this prosperity. Historical and systemic barriers to homeownership have long stood in the way of households of color, resulting in significant racial disparities in homeownership and neighborhood disinvestment that persist nationwide. With rapidly increasing house prices and interest rates, more innovative and strategic programs are needed to narrow the racial homeownership gap.

It will feature a distinguished panel, who will discuss recent innovations, including:

• mortgage underwriting that considers rental payment history;
• downpayment assistance programs;
• special purpose credit program by a major bank;
• lease-to-purchase programs; and
• community land trust programs.

Who should attend

This event is for community development practitioners, government officials, financial institutions, researchers, and others who are working to expand homeownership opportunities for underserved groups.

2023 Speakers

PANELISTS:

Stacey Shifman
Senior Director, Single-Family Analytics and Modeling, Fannie Mae

Erwin Godoy
Senior Director, Mortgage Innovation in Single Family, Freddie Mac

Chuck Bishop
Head, Home Lending Diverse Segments, Wells Fargo

Nicole Montecalvo
Chief Capital Officer, Home Partners of America

George W. McCarthy
President and CEO, Lincoln Institute of Land Policy

2023 Partner

• Federal Reserve Bank
• Penn IUR
• Urba Institute