Edited by:
	Nicolas P. Retsinas Director, JCHS	Eric S. Belsky Executive Director, JCHS
Published by:
	Brookings Institution Press Washington, DC	Joint Center for Housing Studies Cambridge, MA

Table of Contents:
(In most cases, the chapters in this book were also published as working papers. Click the title of the chapter to view the corresponding working paper.)

Foreword

Acknowledgments

Chapter 1: Examining the Unexamined Goal
Nicolas P. Retsinas and Eric S. Belsky

Part One: Homeownership in the 1990s

Chapter 2: Anatomy of the Low-Income Homeownership Boom in the 1990s
Eric S. Belsky and Mark Duda

Chapter 3: The Industrial Structure of Affordable Mortgage Lending
Frank E. Nothaft and Brian J. Surette

Part Two: Overcoming Borrowing Constraints

Introduction
Edward L. Golding

Chapter 4: Eliminating Credit Barriers: How Far Can We Go?
Stuart S. Rosenthal

Chapter 5: Prepurchase Homeownership Counseling: A Little Knowledge is a Good Thing
Abdighani Hirad and Peter Zorn

Chapter 6: Supply-Side Constraints on Low-Income Homeownership
Michael Collins, David Crowe, and Michael Carliner

Part Three: Returns to Homeownership

Introduction
Frank DeGiovanni

Chapter 7: Asset Appreciation, Timing of Purchases and Sales, and Returns to Low-Income Homeownership
Eric S. Belsky and Mark Duda

Chapter 8: Home Price Appreciation in Low- and Moderate-Income Markets
Karl E. Case and Maryna Marynchenko

Chapter 9: Policy Implications of Portfolio Choice in Underserved Mortgage Markets
William N. Goetzmann and Mathew Spiegel

Part Four: Low-Income Loan Performance

Introduction
George McCarthy

Chapter 10: Prepayment Risk and Lower-Income Mortgage Borrowers
Wayne R. Archer, David C. Ling, and Gary A. McGill

Chapter 11: Performance of Low-Income and Minority Mortgages
Robert Van Order and Peter Zorn

Chapter 12: Performance of Community Reinvestment Loans: Implications for Secondary Market Purchases
Roberto G. Quercia, Michael A. Stegman, Walter R. Davis, and Eric Stein

Part Five: Socioeconomic Impacts of Homeownership

Introduction
Steven Hornburg

Chapter 13: Social Benefits and Costs of Homeownership
William M. Rohe, Shannon Van Zandt, and George McCarthy

Chapter 14: Housing and Wealth Accumulation: Intergenerational Impacts
Thomas P. Boehm and Alan M. Schlottmann

Chapter 15: Impact of Homeownership on Child Outcomes
Donald R. Haurin, Toby L. Parcel, and R. Jean Haurin

Chapter 16: Building Homes, Reviving Neighborhoods: Spillovers from Subsidized Construction of Owner-Occupied Housing in New York City
Ingrid Gould Ellen, Michael H. Schill, Scott Susin, and Amy Ellen Schwartz

Contributors

Index