Working Poor

Housing is a critical issue for the working poor. Key findings of the Department of Housing and Urban Development (HUD) (2000) analysis show the following:

  1. From 1993 to 1998, the number of subprime refinancing loans increased ten-fold.
  2. Subprime loans are three times more likely in low-income neighborhoods than in high-income neighborhoods.
  3. Subprime loans are five times more likely in black neighborhoods than in white neighborhoods.
  4. Homeowners in high-income black areas are twice as likely as homeowners in low-income white areas to have subprime loans.

Using the module readings, Argosy University online library resources, and the Internet, research the subprime crisis. Then, answer the following:

  • How much is housing related to the “American Dream”?
  • How did this housing crisis affect the working poor?
  • Identify any new policies in place to help the working poor find affordable housing.

Write a 2–4-page paper in Microsoft Word format, following current APA formatting. Include a separate page for your references.

Use the following file naming convention: LastnameFirstInitial_M3_A2.doc. For example, if your name is John Smith, your document will be named SmithJ_M3_A2.doc.


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