Latino Homeownership & Wealth Accumulation

Latino families are buying more homes in the Chicago region — but homeownership alone isn’t closing the wealth gap. This report reveals that while Latino homeownership is rising, many families start with less savings, older homes, shared financial responsibilities, and little generational wealth to fall back on. For many, buying a home is about stability for their kids and a place for family — not investment returns. The study calls for better access to affordable loans, home repair support, and financial education to turn homeownership into a real economic opportunity.