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.
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.
Due to the intrinsic value of owning a home, homeowners are motivated to spend more time and money maintaining their home and are inclined to contribute to the quality of their surrounding neighborhood.
This financial and social investment allows for the development of stronger relationships and connections to their neighbors and community.