By Agatha So, Policy Analyst, Economic Policy Project
Ten years after one of the worst financial crises in history, our nation’s economy is recovering, and the housing market is finally getting back to “normal”, according to the Harvard Joint Center for Housing Studies’s (Harvard JCHS) State of the Nation’s Housing Report. Yet, for many Americans, especially communities of color and low-income households, the recovery has yet to trickle down into their neighborhoods. Latino families, who were hit hard by the foreclosure crisis, are just now recovering some of what they had lost nearly a decade ago.
In a national poll of Latino voters, an overwhelming majority of respondents said that they would like to own a home. However, these voters were split on whether they thought they could find affordable housing in the neighborhood where they would want to live. Forty percent of voters reported they would be able to find an affordable place to live and in a location where they want to live, and 9 percent said they had already found that place. On the other hand, 47 percent of voters reported that they don’t think it would be possible to find an affordable place to live and in the neighborhood where they would want to live.