Minnesota Housing research identified over 27,000 households occupying the most affordable units (Less Than 30% Area Median Income ) that are income qualified for homeownership.

Homeownership is a cost-effective strategy for creating long term housing stability. The investment per unit is 29% that of rental units on average.

61,000 households of color are income qualified for homeownership but continue to rent due to lack of entry-level ownership opportunities in Minnesota.

The median net worth of a homeowner ($231,000) is 44x greater than that of a renter ($5,200).

HOM members serve households of color at a rate of 7x higher than private market rate.

Minnesota’s racial homeownership gap is the 2nd worst in the nation. Over 73% of white Minnesotan’s own their home compared to just over 24% of Black Minnesotans creating an over 50% ownership difference between white and Black Minnesotans.