USDA’s Self-Help Loan Program Provides Unique Opportunities for Home Ownership

George Wallace

Rural America/ Rural Development Perspectives, 2000, vol. 15, issue 3

Abstract: USDA's 502 Direct Loan Homeownership Program offers a limited number of borrowers the option of participating in mutual self-help programs. Through these programs, nonprofit entities organize 5 to 12 borrowers into a self-help team that works together to complete each other's homes. Evidence from a survey of 502 borrowers suggests that the "sweat-equity" method of building a home improves the chances of successfully owning a modest home while enhancing the wealth of the borrower.

Keywords: Consumer/Household Economics; Financial Economics (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersra:289472

DOI: 10.22004/ag.econ.289472

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