The long-term benefits of homeownership are significant:
Affordable homeownership helps build stability and economic opportunity. The security of owning a home provides an increase in self-reliance, self-worth, and pride.
Because homeowners spend more time and money maintaining their home, they also feel inclined to improve the quality of their surrounding neighborhood.
Additionally, studies show that children of homeowners score better on both reading and math exams, graduate at a higher rate, have fewer behavioral problems, and enjoy a better social environment.
The financial and social investment of home ownership allows for the development of stronger relationships and connections to neighbors and community.