Our mission is to protect and promote sustainable homeownership for all segments of America.
Of the 17 million new households formed in the next 15 years, 13 million will be traditional minorities. The need is immense…and the opportunity is contracting. Homeownership is under attack from many different venues. Single family homeowners lost nearly $7 trillion in aggregate value from the peak in 2007. With the $7 trillion value loss, homes are more affordable than any time in the past 15 years. We have the lowest mortgage rates in history, and yet homeownership rates are falling in every segment of America. Credit is too tight; government and business policies are making it very difficult for first time homebuyers to achieve the dream of homeownership; legislation and regulation currently under consideration could make it even less attainable:
- The Mortgage Interest Deduction
- The Low Downpayment Mortgage
- Availability of The 30-Year Fixed-Rate Mortgage
- Government Dominance of Mortgage Credit
- Lack of New Home Construction Lending
- Home Values
The AHA will become the “advocate” voice to protect against policies that do not meet the test of protecting or promoting sustainable homeownership for all segments of America.
Recent research indicates that at least 85% of every 10 year age group (non-retirement) buying sector in America (under age 25 / 25 to 35 / 35 to 45 / 45 to 55 / 55 to 65) expects to buy a home in the future. We must meet this need by promoting the virtues of homeownership instead of foreclosing opportunity in these forward looking segments. Homeowners and aspiring homeowners need advocacy. America needs homeownership to fulfill the virtues of building communities, providing generational wealth, encouraging educational advancement, sustaining job growth, and delivering on the dream of hope and prosperity. We will promote sustainable homeownership in all segments of America.