Matched Savings for Downpayment Assistance

A Review of Current Research

At Prosperity Now, we believe homeownership is one of the primary ways for families in the United States to build wealth. Owning an affordable home can offer many stability and security, and is an asset that can be passed on to future generations. Similarly, eradicating racial homeownership rate disparities is one of the most effective ways to reduce the racial wealth divide. Is this report, we review existing research to explore how downpayments are a significant barrier to homeownership and how matched savings programs like individual development accounts (IDAs) can help.

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