Achieving the American Dream: Facilitators and barriers to homeownership among immigrants

Marcia A. Shobe, Lutchmie Narine

Research output: Contribution to journalArticle

2 Scopus citations

Abstract

As of March 2003, the immigrant population in the United States (US) has reached 33.5 million individuals. Finding a way out of poverty is very difficult for many immigrants due to both individual and institutional barriers to savings and asset accumulation. Given that the primary sources of wealth among native-born households is through homeownership, it is only fitting that foreign-born households would also wish to achieve the "American Dream." This paper outlines significant supports and barriers to savings and, more importantly, homeownership among US immigrants. Several suggestions for asset-based policy development for immigrants are also included in the discussion. By examing these concepts, policy practitioners can learn how to improve economic well-being for current immigrants and future generations of Americans.

Original languageEnglish (US)
Pages (from-to)73-92
Number of pages20
JournalJournal of Immigrant and Refugee Services
Volume3
Issue number3-4
DOIs
StatePublished - Apr 5 2006
Externally publishedYes

Keywords

  • Homeownership
  • Human capital
  • Immigrants
  • Wealth

ASJC Scopus subject areas

  • Demography
  • Geography, Planning and Development

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