How a renter education course could lower barriers to housing

Many subprime borrowers in the United States are financially unable to buy a home themselves. An unconventional lender is trying to make it easier for low-income people to buy houses despite the tighter requirements that other lenders adopted after the mortgage bust.

As a blight-reduction and urban-development effort, the city of Newark sold bare lots in a distressed area to families willing to build a house and live in it for five years.

Foreclosure affects millions of homeowners and millions more owe more on their mortgages than what their homes are worth, but Empowering and Strengthening Ohio’s People (ESOP), offers assistance. As a free service to borrowers, ESOP holds lenders accountable with fair lending agreements, creates constructive communication, and ultimately saves homes.

An innovative program by an unusual bank allows low-income people in Cambodia to take out a 15-year fixed mortgage with little or no documentation - contradicting traditional loan assumptions and creating means for some of the country's poorest people to completely change their lives. The bank and its investors are now making a profit, and more than 700 mortgages and building loans have been provided.

In part, miscommunication between bankers, brokers and homeowners created the 2008 economic crisis. Protection laws mandating better labeling and trusted third-party intermediaries could improve communication and help prevent another crisis.

New York City suffered from fires that erupted in overcrowded, run-down apartments. Then the city sleuthed through residential records and found that landlords who foreclosed let their properties fall apart and ignored safety-code violations. Greater Toronto wants to expand upon New York City’s method by using transportation surveys, census data and computer data to build transit lines.

Thousands of refugees are navigating hurdles of integration in the United States. Organizations like the Minnesota Council of Churches provide comprehensive support in a number of areas - from housing to job applications to health insurance paperwork - but all with the end goal of helping the relocated families towards independence and sustainability in their new life.

Communities United a grassroots organizations in Chicago is solving the city's housing crisis with a program called ROOTS (Renters Organizing Ourselves to Stay). The organization is bringing together financiers, development organizations and partners to make housing more affordable. ROOTS managed to significantly improve renters' rights law by making amendments to the city’s affordable housing ordinance.

"Nationwide, 90 percent of landlords have attorneys, but 90 percent of tenants do not." New York City is combating this inequality with a new law guaranteeing lawyers to defend low-income tenants in housing court. The goal: prevent unjustified evictions and keep people housed.

Years of misrule and a subsequent dearth of hard currency, along with crippling bank-fostered debt cycles and exorbitant home mortgage interest rates, have created immense suffering for Myanmar's poor. But with the guidance of a local NGO, Women for the World, a pilot project helped women in some of Yangon's poorest neighborhoods capitalize on their cultural "head-of-household" status. It helped them form and manage community savings cooperatives, secure land, build homes, buy food, and even generate profit through loans to families' business enterprises.