Homeownership Counseling Performance: How Can it Be Measured?

26 Pages Posted: 2 Mar 2010

See all articles by Roberto Quercia

Roberto Quercia

University of North Carolina (UNC) at Chapel Hill - Department of City and Regional Planning

Susan M. Wachter

University of Pennsylvania - Wharton School, Department of Real Estate ; University of Pennsylvania - Finance Department

Date Written: February 1, 1996

Abstract

Homeownership counseling encompasses several educational activities. Early approaches focused on reducing the risk of default and foreclosure among participants in government-assisted mortgage programs, but more recent approaches have focuesd on increasing homewonership opportunities among low-income and minority households. Unfortunately, little is known about the effectiveness of these approaches in terms of the number of new homeowners and the mitigation of default risk. To address that gap, this article presents a theoretical and methodological framework to evaluate counseling efforts.

A successful counseling program is defined as one that assists a household with a low long-term probability of ownership in buying a home and reducing its default risk. We conced that the methodological requirements for evaluating counseling are somewhat restrictive. However, if we establish an evaluation procedure using these goals as a framework, we can more accurately determine the effects of counseling on the sustainability of low-income homeownership.

Keywords: Homeownership, Low-income housing, Programs

Suggested Citation

Quercia, Roberto G. and Wachter, Susan M., Homeownership Counseling Performance: How Can it Be Measured? (February 1, 1996). Housing Policy Debate, Vol. 7, No. 1, 1996. Available at SSRN: https://ssrn.com/abstract=1559400

Roberto G. Quercia

University of North Carolina (UNC) at Chapel Hill - Department of City and Regional Planning ( email )

New East Building
Chapel Hill, NC 27599-3140
United States
919-962-4766 (Phone)
Not available (Fax)

Susan M. Wachter (Contact Author)

University of Pennsylvania - Wharton School, Department of Real Estate ( email )

The Wharton School
3620 Locust Walk
Philadelphia, PA 19104-6330
United States
215-898-6355 (Phone)

HOME PAGE: http://real.wharton.upenn.edu/~wachter/index.html

University of Pennsylvania - Finance Department ( email )

The Wharton School
3620 Locust Walk
Philadelphia, PA 19104
United States

HOME PAGE: http://real.wharton.upenn.edu/~wachter/index.html

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