The Relationship Between Participation In Home-Buyer Workshops And Home Purchase Goals Of Latinx Residents In The Logan Square Community Area
Location
Lobby in front of Auditorium
Department
Social Work
Abstract
For many years, Logan Square was an affordable neighborhood where low and middle income Latinx residents could build generational wealth through homeownership. Unfortunately, much of what made Logan Square an attractive neighborhood for these residents also appealed to new, wealthier residents who have moved into the area in recent years. As higher income people have begun buying properties in Logan Square, demand for limited housing inventory has caused prices to skyrocket, which in turn has led to the displacement of longtime residents. As residents are displaced local schools see a population drop which leads to less funding and ultimately school closure, businesses which once catered to neighborhood residents shutter their doors, families lose support networks they rely in their community, and children experience trauma as they reckon with their family’s struggle to find new and affordable housing. New ideas around housing policy must be considered as possible solutions to this displacement. One such model explored in this study is a community land trust. The purpose of this study is to determine what sorts of properties Latinx homebuyers are seeking and assess interest in a community land trust model in order to encourage community leaders and policy makers to support emerging affordable housing initiatives. This study will be helpful to the social work profession by providing usable data about the home buying goals and realities of low to moderate income Latinx residents in the Logan Square community area. Using a quantitative research design, this study seeks to assess whether following participation in homebuyer education workshops, low to moderate income Latinx homebuyers will have a positive preference toward a community land trust model as a path to achieve homeownership. A multiple choice survey provided to participants in a HUD-certified home buyer workshop will be used to measure the following variables; participation in first-time home buyer workshops and financial capability to purchase a home as well as expressed interest in a community land trust model as an alternative means of homeownership. This study will collect data relating to the kinds of homes Latinx residents and former residents of the Logan Square community area are interested in purchasing, what price range they are considering, whether they will be purchasing with a family member or renting any units to family members, and whether they would be interested in purchasing an affordable home within a newly establish community land trust network. Results from this study will be used to assess Latinx interest in pursuing community-based affordable homeownership utilizing a land trust model. This model creates homeownership opportunities for low and moderate income homebuyers who may not otherwise qualify for traditional mortgages but want remain in their current communities.
The Relationship Between Participation In Home-Buyer Workshops And Home Purchase Goals Of Latinx Residents In The Logan Square Community Area
Lobby in front of Auditorium
For many years, Logan Square was an affordable neighborhood where low and middle income Latinx residents could build generational wealth through homeownership. Unfortunately, much of what made Logan Square an attractive neighborhood for these residents also appealed to new, wealthier residents who have moved into the area in recent years. As higher income people have begun buying properties in Logan Square, demand for limited housing inventory has caused prices to skyrocket, which in turn has led to the displacement of longtime residents. As residents are displaced local schools see a population drop which leads to less funding and ultimately school closure, businesses which once catered to neighborhood residents shutter their doors, families lose support networks they rely in their community, and children experience trauma as they reckon with their family’s struggle to find new and affordable housing. New ideas around housing policy must be considered as possible solutions to this displacement. One such model explored in this study is a community land trust. The purpose of this study is to determine what sorts of properties Latinx homebuyers are seeking and assess interest in a community land trust model in order to encourage community leaders and policy makers to support emerging affordable housing initiatives. This study will be helpful to the social work profession by providing usable data about the home buying goals and realities of low to moderate income Latinx residents in the Logan Square community area. Using a quantitative research design, this study seeks to assess whether following participation in homebuyer education workshops, low to moderate income Latinx homebuyers will have a positive preference toward a community land trust model as a path to achieve homeownership. A multiple choice survey provided to participants in a HUD-certified home buyer workshop will be used to measure the following variables; participation in first-time home buyer workshops and financial capability to purchase a home as well as expressed interest in a community land trust model as an alternative means of homeownership. This study will collect data relating to the kinds of homes Latinx residents and former residents of the Logan Square community area are interested in purchasing, what price range they are considering, whether they will be purchasing with a family member or renting any units to family members, and whether they would be interested in purchasing an affordable home within a newly establish community land trust network. Results from this study will be used to assess Latinx interest in pursuing community-based affordable homeownership utilizing a land trust model. This model creates homeownership opportunities for low and moderate income homebuyers who may not otherwise qualify for traditional mortgages but want remain in their current communities.
Comments
Angel Resto is the faculty sponsor of this poster.