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> Posted by Patrick Kelley, Director of Housing Finance and Market Development, Habitat for Humanity International
This post is part of the Center for Financial Inclusion’s Expert Exchange: Building A Movement Toward Financial Inclusion by 2020, cultivating conversation around the goal of reaching full financial inclusion by 2020. For further questions about this series, write to , Fellow, Center for Financial Inclusion at Accion.
June 2012 has been on my calendar for a while. Three years ago this month, I was lured into my first home purchase with the federal homebuyer tax credit, and all my requirements as a purchaser will now soon be over.
Before committing to buying a home, I poured hours into research, comparison shopping, and badgering friends and family for advice. I was aware that prudent research and good decisions could be a springboard for the financial future of my family. A misstep could be treacherous and weigh on us for years.
Indeed, buying a home is usually the largest financial decision in our lives in the U.S. And, we are increasingly finding that housing and property play a similar role in the financial lives of the poor. Consider the following evidence:
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