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Washington, D.C. – Research confirms that many low-income homeowners can become successful homeowners when given the right mortgage products, UNC Center for Community Capital Executive Director Janneke Ratcliffe told the National Association of Realtors (NAR) Feb. 4.

Tight lending standards are excluding many potential home buyers from the market needlessly, she said.

Ratcliffe was among the national experts discussing “Affordable Housing after the Great Recession” at a NAR event held in conjunction with Habitat for Humanity’s release of its 2013 Shelter Report.

Ratcliffe shared research findings from an affordable home ownership program, the Community Advantage Program, of 50,000 low-income homeowners who continued to repay their mortgages before, during and after the foreclosure crisis.

NAR’s blog, Speaking of Real Estate, posted key remarks in text and video.

Ratcliffe is an expert on mortgage finance and co-author of “Regaining the Dream: How to Renew the Promise of Homeownership for America’s Working Families.” The book examines the causes of the foreclosure crisis and offers research-based strategies for rebuilding a sustainable U.S. housing finance system.

Mortgage finance is a key area of study for the UNC Center for Community Capital, the leading center for research and policy analysis on the transformative power of capital on households and communities in the United States. The center is part of the College of Arts and Sciences at the University of North Carolina at Chapel Hill. Its in-depth analyses help policymakers, advocates and the private sector find sustainable ways to expand economic opportunity to more people, more effectively. For more information, visit or call (919) 843-2140.

Topics(s): Affordable Homeownership, Housing Policy, Mortgage Finance
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