1823 Jules Street
St. Joseph, MO 64501
Habitat has always intuitively believed that homeownership transforms lives, but it was difficult to prove. Data is now available to substantiate this belief. The lasting impact of homeownership on low income children was revealed in a recent Fannie Mae study. This study found that the children of low income homeowners were:
33 % less likely to give birth as an unwed teenager.
35% less likely to receive welfare.
40% less likely to be idle at age 20.
20% more likely to graduate from high school.
62% more likely to acquire postsecondary education.
Early adult earnings are 24% higher.
This is what breaking the cycle of poverty IS about.
Homeless, Hunger & Poverty