First Generation Foundations: A Guide to Advancing Equity with First Generation Homeownership Programs

Homeownership has long been a path to creating financial security and intergenerational wealth, and it continues to be the primary driver of wealth building for families in the U.S. today. While homeownership rates overall have been on the rise, the cost of purchasing a home is significantly higher compared to a year ago, pricing many buyers out of the market. This guide builds on NFHA’s existing policy proposals and research to support local, state, and regional actors to develop and adopt first-generation homeownership policies and programs.