[Census Bureau] Housing Affordability 1995 ------------------------------------------------------------------------ Table 5-10: Effect of Different Down Payment Subsidies on Affordability Status of Black and Hispanic Origin Families and Unrelated Individuals for a Modestly Priced Home, by Current Tenure and Type of Financing: United States, 1995 (Numbers in thousands. Data may not add to total due to rounding) ---------------------------------------------------------------------------------------------------------------------------- | Cannot afford moderately priced home in area | |-------------------------------------------------------------------------------------------| | Black | Hispanic 1 | |--------------------------------------------|----------------------------------------------| | Total | Unrelated | Total | Unrelated | | Families | Individuals | Families | Individuals | |----------------------|---------------------|---------------------|------------------------| Amount of down payment subsidy | Number | Percent | Number | Percent | Number | Percent | Number | Percent | -------------------------------|-----------|----------|----------|----------|----------|----------|-----------|------------| USING CONVENTIONAL, FIXED-RATE,| | | | | | | | | 30-YEAR FINANCING | | | | | | | | | | | | | | | | | | Total | | | | | | | | | No down payment subsidy........| 6,566 | 72.5 | 3,528 | 77.0 | 5,287 | 74.7 | 2,138 | 85.7 | $1,000 subsidy.................| 6,479 | 71.6 | 3,484 | 76.1 | 5,249 | 74.2 | 2,131 | 85.4 | $2,500 subsidy.................| 6,302 | 69.6 | 3,424 | 74.8 | 5,191 | 73.3 | 2,105 | 84.3 | $5,000 subsidy.................| 5,612 | 62.0 | 3,037 | 66.3 | 4,797 | 67.8 | 1,967 | 78.8 | $7,500 subsidy.................| 5,106 | 56.4 | 2,887 | 63.1 | 4,482 | 63.3 | 1,896 | 76.0 | $10,000 subsidy................| 4,804 | 53.1 | 2,779 | 60.7 | 4,244 | 60.0 | 1,794 | 71.9 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Current owners | | | | | | | | No down payment subsidy........| 2,061 | 46.9 | 838 | 47.0 | 1,524 | 47.8 | 429 | 55.8 | $1,000 subsidy.................| 2,002 | 45.5 | 823 | 46.1 | 1,501 | 47.1 | 422 | 54.9 | $2,500 subsidy.................| 1,890 | 43.0 | 775 | 43.4 | 1,456 | 45.7 | 409 | 53.2 | $5,000 subsidy.................| 1,703 | 38.7 | 697 | 39.0 | 1,341 | 42.1 | 361 | 47.0 | $7,500 subsidy.................| 1,586 | 36.1 | 641 | 35.9 | 1,259 | 39.5 | 325 | 42.3 | $10,000 subsidy................| 1,423 | 32.3 | 612 | 34.3 | 1,153 | 36.2 | 313 | 40.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Current renters | | | | | | | | | No down payment subsidy........| 4,505 | 96.8 | 2,690 | 96.3 | 3,763 | 96.7 | 1,709 | 98.9 | $1,000 subsidy.................| 4,477 | 96.2 | 2,661 | 95.2 | 3,748 | 96.4 | 1,709 | 98.9 | $2,500 subsidy.................| 4,412 | 94.8 | 2,649 | 94.8 | 3,735 | 96.0 | 1,696 | 98.2 | $5,000 subsidy.................| 3,909 | 84.0 | 2,341 | 83.8 | 3,457 | 88.9 | 1,606 | 93.0 | $7,500 subsidy.................| 3,519 | 75.6 | 2,246 | 80.4 | 3,223 | 82.9 | 1,571 | 90.9 | $10,000 subsidy................| 3,382 | 72.7 | 2,167 | 77.6 | 3,091 | 79.4 | 1,481 | 85.7 | | | | | | | | | | | | | | | | | | | ---------------------------------------------------------------------------------------------------------------------------- 1 Persons of Hispanic origin may be of any race Table 5-10: Effect of Different Down Payment Subsidies on Affordability Status of Black and Hispanic Origin Families and Unrelated Individuals for a Modestly Priced Home, by Current Tenure and Type of Financing: United States, 1995- Continued (Numbers in thousands. Data may not add to total due to rounding) ---------------------------------------------------------------------------------------------------------------------------- | Cannot afford moderately priced home in area | |-------------------------------------------------------------------------------------------| | Black | Hispanic 1 | |--------------------------------------------|----------------------------------------------| | Total | Unrelated | Total | Unrelated | | Families | Individuals | Families | Individuals | |----------------------|---------------------|---------------------|------------------------| Amount of down payment subsidy | Number | Percent | Number | Percent | Number | Percent | Number | Percent | -------------------------------|-----------|----------|----------|----------|----------|----------|-----------|------------| USING FHA, FIXED-RATE, 30-YEAR | | | | | | | | | FINANCING | | | | | | | | | | | | | | | | | | Total | | | | | | | | | No down payment subsidy........| 6,419 | 70.9 | 3,474 | 75.9 | 5,142 | 72.6 | 2,133 | 85.4 | $1,000 subsidy.................| 6,334 | 70.0 | 3,429 | 74.9 | 5,112 | 72.2 | 2,088 | 83.6 | $2,500 subsidy.................| 5,929 | 65.5 | 3,234 | 70.6 | 4,925 | 69.6 | 1,998 | 80.0 | $5,000 subsidy.................| 5,121 | 56.6 | 2,907 | 63.5 | 4,525 | 63.9 | 1,905 | 76.3 | $7,500 subsidy.................| 4,859 | 53.7 | 2,836 | 61.9 | 4,264 | 60.2 | 1,825 | 73.1 | $10,000 subsidy................| 4,634 | 51.2 | 2,726 | 59.5 | 4,100 | 57.9 | 1,791 | 71.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Current owners | | | | | | | | | No down payment subsidy........| 1,965 | 44.7 | 837 | 46.9 | 1,409 | 44.2 | 428 | 55.7 | $1,000 subsidy.................| 1,940 | 44.1 | 811 | 45.4 | 1,384 | 43.4 | 415 | 54.0 | $2,500 subsidy.................| 1,748 | 39.7 | 732 | 41.0 | 1,318 | 41.3 | 385 | 50.1 | $5,000 subsidy.................| 1,565 | 35.6 | 642 | 36.0 | 1,254 | 39.3 | 347 | 45.2 | $7,500 subsidy.................| 1,446 | 32.9 | 627 | 35.2 | 1,147 | 36.0 | 318 | 41.4 | $10,000 subsidy................| 1,318 | 30.0 | 579 | 32.5 | 1,046 | 32.8 | 318 | 41.4 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Current renters | | | | | | | | | No down payment subsidy........| 4,454 | 95.7 | 2,638 | 94.4 | 3,732 | 95.9 | 1,705 | 98.6 | $1,000 subsidy.................| 4,394 | 94.4 | 2,618 | 93.7 | 3,728 | 95.8 | 1,673 | 96.8 | $2,500 subsidy.................| 4,181 | 89.8 | 2,502 | 89.6 | 3,607 | 92.7 | 1,613 | 93.3 | $5,000 subsidy.................| 3,556 | 76.4 | 2,265 | 81.1 | 3,272 | 84.1 | 1,558 | 90.1 | $7,500 subsidy.................| 3,412 | 73.3 | 2,209 | 79.0 | 3,117 | 80.1 | 1,507 | 87.2 | $10,000 subsidy................| 3,316 | 71.3 | 2,146 | 76.8 | 3,054 | 78.5 | 1,473 | 85.3 | | | | | | | | | | | | | | | | | | | ---------------------------------------------------------------------------------------------------------------------------- 1 Persons of Hispanic origin may be of any race Source: U.S. Bureau of the Census ------------------------------------------------------------------------ Go to Housing Affordability 1995 Last Revised: Wednesday, 22-Sep-99 07:42:20 People | Housing | Business | Geography | News | Subjects A to Z | Search | Catalog | Data Tools | Privacy | Home [______] [U.S. Census Bureau: Helping You Make Informed Decisions]