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Do hispanic neighborhoods in Chicago promote or hinder homeownership opportunities?

Author

Listed:
  • Robin G. Newberger
  • Maude Toussaint-Comeau

Abstract

Hispanics are one of the fastest-growing populations in the nation, yet they have one of the lowest rates of homeownership of all racial/ethnic groups. For a large proportion of Hispanic immigrants, particularly those from Mexico and other Latin American countries, housing needs remain critical. Researchers have found that Latino immigrants living in metropolitan areas are much more likely to live in crowded and severely inadequate housing and/or to experience a severe housing cost burden. While homeownership may not be the answer for all immigrants, it is an important aspect of the social and economic adjustment process, and it is often an indication of integration into the U.S. labor, financial, and credit markets.

Suggested Citation

  • Robin G. Newberger & Maude Toussaint-Comeau, 2004. "Do hispanic neighborhoods in Chicago promote or hinder homeownership opportunities?," Profitwise, Federal Reserve Bank of Chicago, issue Dec, pages 24-25.
    • Handle: RePEc:fip:fedhpw:y:2004:i:dec:p:24-25
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    File URL: http://www.chicagofed.org/digital_assets/publications/profitwise_news_and_views/2004/12_2004_pnv.pdf
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    Keywords

    Community development; Home ownership;

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