Federal and private rent-to-own homeownership programs have expanded to all 50 states, helping 500,000 families build equity while renting with a path to purchase their homes within 3-5 years.

How It Works

Participants pay market-rate rent with a portion credited toward a future down payment. After 3-5 years of on-time payments, they can purchase the home at a pre-agreed price, often below market value.

Results

The program has a 72% conversion rate from renter to owner, significantly higher than traditional paths for low-to-moderate income families.