Impact University: Low Income

Predatory Financial Practices

Market for Fixer-Uppers Traps Low-Income Buyers >

Goldstein, M. and Stevenson, A. (2016-02-20, The New York Times): The mortgage industry has seen a rise in a new type of long-term loan, called a contract for deed, in which investors make deals with low-income home buyers unable to get traditional mortgages. But for buyers lured by the dream of homeownership, these seller-financed transactions can become a money trap that ends with a quick eviction by the seller, who can flip the home again.

Low Income

CLASP: Policy Solutions That Work For Low-Income People >

Since 1969, CLASP has been a trusted resource, a creative architect for systems change, and one of the country's most effective voices for low income people.

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