Homeownership is the greatest source of wealth for most people, and SPCPs are a critical tool in narrowing the racial wealth and homeownership gaps that persist in America.
This Toolkit is intended to facilitate mortgage lenders as they take on the process of considering and building Special Purpose Credit Programs. The Toolkit provides examples of SPCPs from leading Banks as well as other examples of SPCPs in the market. In addition, the Toolkit provides a host of resource information on the background and need for SPCPs, guidance and examples on the data analysis required, and other useful links to aid mortgage lenders in their work to bring more SPCPs to market.
Thank you for taking the time to review SPCPs and for seeking solutions that you can implement to increase your lending to underserved and economically disadvantaged populations.