[Census Bureau] Housing Affordability 1995 ------------------------------------------------------------------------ Table 5-9: Effect of Different Down Payment Subsidies on Affordability Status of Black and Hispanic Origin Families and Unrelated Individuals for a Median-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 median-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........| 7,287 | 80.5 | 3,892 | 85.0 | 5,722 | 80.8 | 2,256 | 90.4 | $1,000 subsidy.................| 7,207 | 79.6 | 3,876 | 84.6 | 5,674 | 80.2 | 2,241 | 89.8 | $2,500 subsidy.................| 7,108 | 78.5 | 3,839 | 83.8 | 5,656 | 79.9 | 2,241 | 89.8 | $5,000 subsidy.................| 6,924 | 76.5 | 3,784 | 82.6 | 5,575 | 78.8 | 2,222 | 89.0 | $7,500 subsidy.................| 6,488 | 71.7 | 3,637 | 79.4 | 5,360 | 75.7 | 2,155 | 86.3 | $10,000 subsidy................| 6,264 | 69.2 | 3,580 | 78.2 | 5,186 | 73.3 | 2,155 | 86.3 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Current owners | | | | | | | | No down payment subsidy........| 2,702 | 61.4 | 1,163 | 65.1 | 1,917 | 60.1 | 533 | 69.5 | $1,000 subsidy.................| 2,628 | 59.8 | 1,153 | 64.6 | 1,875 | 58.8 | 526 | 68.5 | $2,500 subsidy.................| 2,575 | 58.5 | 1,138 | 63.7 | 1,866 | 58.5 | 526 | 68.5 | $5,000 subsidy.................| 2,454 | 55.8 | 1,102 | 61.7 | 1,815 | 56.9 | 521 | 67.8 | $7,500 subsidy.................| 2,328 | 52.9 | 1,055 | 59.1 | 1,732 | 54.3 | 503 | 65.5 | $10,000 subsidy................| 2,233 | 50.8 | 1,018 | 57.1 | 1,653 | 51.9 | 503 | 65.5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Current renters | | | | | | | | | No down payment subsidy........| 4,585 | 98.5 | 2,729 | 97.7 | 3,806 | 97.8 | 1,722 | 99.7 | $1,000 subsidy.................| 4,578 | 98.4 | 2,723 | 97.5 | 3,799 | 97.7 | 1,715 | 99.2 | $2,500 subsidy.................| 4,533 | 97.4 | 2,701 | 96.7 | 3,790 | 97.4 | 1,715 | 99.2 | $5,000 subsidy.................| 4,470 | 96.0 | 2,682 | 96.0 | 3,760 | 96.7 | 1,702 | 98.5 | $7,500 subsidy.................| 4,160 | 89.4 | 2,582 | 92.4 | 3,628 | 93.3 | 1,652 | 95.6 | $10,000 subsidy................| 4,030 | 86.6 | 2,562 | 91.7 | 3,533 | 90.8 | 1,652 | 95.6 | | | | | | | | | | | | | | | | | | | ---------------------------------------------------------------------------------------------------------------------------- 1 Persons of Hispanic origin may be of any race Table 5-9: Effect of Different Down Payment Subsidies on Affordability Status of Black and Hispanic Origin Families and Unrelated Individuals for a Median-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 median-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........| 7,201 | 79.5 | 3,867 | 84.4 | 5,682 | 80.3 | 2,256 | 90.4 | $1,000 subsidy.................| 7,129 | 78.7 | 3,838 | 83.8 | 5,627 | 79.5 | 2,248 | 90.1 | $2,500 subsidy.................| 7,031 | 77.7 | 3,818 | 83.4 | 5,575 | 78.8 | 2,224 | 89.1 | $5,000 subsidy.................| 6,578 | 72.7 | 3,680 | 80.4 | 5,372 | 75.9 | 2,166 | 86.8 | $7,500 subsidy.................| 6,313 | 69.7 | 3,595 | 78.5 | 5,224 | 73.8 | 2,159 | 86.5 | $10,000 subsidy................| 6,111 | 67.5 | 3,552 | 77.6 | 5,122 | 72.4 | 2,143 | 85.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Current owners | | | | | | | | | No down payment subsidy........| 2,645 | 60.1 | 1,153 | 64.6 | 1,878 | 58.9 | 533 | 69.5 | $1,000 subsidy.................| 2,614 | 59.4 | 1,142 | 64.0 | 1,850 | 58.0 | 526 | 68.5 | $2,500 subsidy.................| 2,543 | 57.8 | 1,129 | 63.2 | 1,809 | 56.7 | 526 | 68.5 | $5,000 subsidy.................| 2,398 | 54.5 | 1,091 | 61.1 | 1,741 | 54.6 | 512 | 66.7 | $7,500 subsidy.................| 2,272 | 51.6 | 1,046 | 58.6 | 1,677 | 52.6 | 510 | 66.5 | $10,000 subsidy................| 2,164 | 49.2 | 1,025 | 57.4 | 1,624 | 50.9 | 503 | 65.5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Current renters | | | | | | | | | No down payment subsidy........| 4,556 | 97.9 | 2,714 | 97.1 | 3,804 | 97.8 | 1,722 | 99.7 | $1,000 subsidy.................| 4,515 | 97.0 | 2,696 | 96.5 | 3,776 | 97.1 | 1,722 | 99.7 | $2,500 subsidy.................| 4,487 | 96.4 | 2,690 | 96.3 | 3,766 | 96.8 | 1,697 | 98.2 | $5,000 subsidy.................| 4,180 | 89.8 | 2,589 | 92.6 | 3,632 | 93.4 | 1,653 | 95.7 | $7,500 subsidy.................| 4,041 | 86.8 | 2,549 | 91.2 | 3,547 | 91.2 | 1,648 | 95.4 | $10,000 subsidy................| 3,947 | 84.8 | 2,527 | 90.4 | 3,498 | 89.9 | 1,640 | 94.9 | | | | | | | | | | | | | | | | | | | ---------------------------------------------------------------------------------------------------------------------------- 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 07:42:23 People | Housing | Business | Geography | News | Subjects A to Z | Search | Catalog | Data Tools | Privacy | Home [______] [U.S. Census Bureau: Helping You Make Informed Decisions]