August 18, 2021 –
Homewise CEO Mike Loftin to be Featured in National Webinar on Increasing Access to Homeownership
August 24 Urban Institute Webinar Focuses on Increasing Housing Affordability and Closing the Wealth Gap
On August 24, 2021 at 1:00pm MDT, Mike Loftin, Urban Institute Nonresident Fellow and CEO of Homewise, will join a virtual discussion with the Urban Institute exploring data and research on why homeownership is more affordable for most Americans than renting and what can be done to increase homeownership access and close the racial wealth gap. The panel will discuss what can be accomplished through policies at the federal, state, and local levels, as well as what organizations like community development financial institutions can do now by tapping into already available resources.
When: Tuesday, August 24 1:00PM MDT/3:00PM EDT
Where: Virtual Webinar Click to RSVP
- Monique King-Viehland, Associate Vice President, Metropolitan Housing and Communities Policy, Urban Institute; former Executive Director, Los Angeles County Development Authority
- Mike Loftin, Nonresident Fellow, Urban Institute; Chief Executive Officer, Homewise
- Lisa Mensah, President and Chief Executive Officer, Opportunity Finance Network
- Noel Andrés Poyo, Deputy Assistant Secretary for Community Economic Development, US Department of the Treasury
- Sarah Rosen Wartell, President, Urban Institute
Closing the homeownership gap is essential to closing the country’s racial wealth gap. Homeownership is the biggest creator of wealth — more than income or access to higher education — and the Black-white homeownership gap is larger than it was in 1968. Ensuring greater access to homeownership is also crucial to making housing more affordable for communities of color and families with lower incomes. In fact, in his recent white paper “Homeownership is Affordable Housing,” Homewise CEO Mike Loftin explored that fact that Black and Latino homeowners pay less of their income on housing than all renters, including white renters and that owners with low incomes pay 10 percentage points less of their income on housing than renters with low incomes.
About the Urban Institute
The nonprofit Urban Institute is a leading research organization dedicated to developing evidence-based insights that improve people’s lives and strengthen communities. For 50 years, Urban has been the trusted source for rigorous analysis of complex social and economic issues; strategic advice to policymakers, philanthropists, and practitioners; and new, promising ideas that expand opportunities for all. Our work inspires effective decisions that advance fairness and enhance the well-being of people and places. urban.org
Homewise is a New Mexico-based nonprofit Community Development Financial Institution (CDFI) founded in 1986. Our mission is to help create successful homeowners and strengthen neighborhoods so that individuals and families can improve their long-term financial wellbeing and quality of life. Our services include financial literacy education and coaching, real estate services, affordable mortgage lending and down payment assistance, loan servicing, refinance and home improvement lending. We strengthen neighborhoods by increasing homeownership through real estate development, property rehabilitation, and revitalizing communities to benefit existing residents. Since Homewise was founded in 1986, over 17,000 New Mexicans have attended our financial capability and homebuyer education workshops. During that time, we’ve helped over 5,600 New Mexicans purchase homes, over 2,300 make energy efficient home improvements, and more than 800 refinance their mortgages. We’ve also built over 800 high quality, energy efficient and affordable homes. To learn more, visit our website at homewise.org