Homeownership has long been considered the cornerstone of the American Dream. Yet, for many Americans—especially first-time buyers—purchasing a home has become increasingly out of reach. With rising housing costs, stagnant wages, and systemic barriers in lending, first-time buyers often struggle to secure stable housing and build long-term wealth.
At CLTRE, we recognize that these challenges require community-driven solutions. Through initiatives like the CLTRE Keeper First-Time Homebuyer Program, we’re working to make homeownership accessible for those who have historically been left out of the market.
As open enrollment is now open until May 6, 2025, we want to highlight the national housing landscape, the challenges first-time buyers face, and how programs like ours are shaping the future of economic mobility.
The National Housing Crisis: Why First-Time Buyers Are Struggling
Across the U.S., homeownership rates are declining—particularly among younger generations and underserved communities. Several key factors contribute to this crisis:
1. Housing Prices Are Outpacing Income Growth
Over the past decade, home prices have increased by more than 50% in many major cities, while wages have remained stagnant. According to the National Association of Realtors (NAR), the median home price in the U.S. has reached an all-time high, surpassing $400,000 in many regions.
For first-time homebuyers, this creates a significant affordability gap. Without down payment assistance or access to favorable loan terms, purchasing a home remains out of reach for many families.
2. Systemic Barriers in Lending
Historically, discriminatory lending practices have disproportionately affected underserved communities. While laws such as the Fair Housing Act were designed to combat housing discrimination, redlining, predatory lending, and credit disparities continue to create barriers for first-time buyers.
Many traditional mortgage lenders require higher credit scores and larger down payments, making it difficult for buyers without generational wealth to secure a loan.
3. The Challenge of Saving for a Down Payment
A 20% down payment on a $400,000 home means a first-time buyer would need to save $80,000—a figure that is unattainable for most working-class families.
Even with FHA loans and lower down payment options, additional costs such as closing fees, home inspections, and property taxes make buying a home financially overwhelming.
This is why down payment assistance programs—like the CLTRE Keeper Program—play a crucial role in bridging the gap for first-time buyers.
How the CLTRE Keeper First-Time Homebuyer Program is Breaking Barriers
The CLTRE Keeper Program was created to level the playing field by providing financial education, down payment assistance, and community resources to first-time homebuyers who need extra support.
Our program helps buyers navigate the home-buying process with confidence, ensuring that they’re financially prepared for the journey ahead.
What the CLTRE Keeper Program Offers:
🏡 Comprehensive Financial Education – We teach first-time buyers about credit, mortgages, and long-term financial planning.
💰 Down Payment & Closing Cost Assistance – Qualified applicants receive grants and funding to reduce upfront homeownership costs.
🤝 One-on-One Homebuyer Support – Industry professionals guide buyers through mortgage approvals, loan options, and property selection.
🌱 Community-Centered Homeownership – Our program ensures that local residents can stay in their neighborhoods, reducing displacement and fostering long-term economic stability.
“Homeownership is a vehicle for economic mobility,” says Roshaun Davis, Executive Director of CLTRE. “By providing resources and breaking down systemic barriers, we are creating opportunities for families to build generational wealth and stay rooted in their communities.”
Open Enrollment Now Open—Here’s How to Apply!
If you’ve been thinking about buying your first home, now is the time to take action. Enrollment for the CLTRE Keeper First-Time Homebuyer Program is officially open now—and spots fill up quickly!
🔹 Who Can Apply?
- First-time homebuyers looking to purchase in Sacramento
- Individuals who need down payment assistance
- Those interested in homeownership education and financial planning
🔹 How to Apply:
Why Homeownership Matters for Economic Mobility
Homeownership isn’t just about having a place to live—it’s about building wealth, securing stability, and investing in the future.
📌 The Benefits of Homeownership:
✔ Equity Growth – Homeowners build wealth over time as property values increase.
✔ Stability for Families – No more rising rent prices or unpredictable landlords.
✔ Stronger Communities – Homeowners are more likely to invest in local businesses and neighborhood improvements.
By participating in the CLTRE Keeper First-Time Homebuyer Program, you’re not just buying a home—you’re investing in your future and your community.
Join Us in Expanding Homeownership in Sacramento
At CLTRE, we believe in the power of inclusive economic development. Our work doesn’t just stop at helping individuals buy homes—it’s about ensuring that homeownership opportunities remain accessible, sustainable, and community-driven.
Don’t miss this opportunity to become a homeowner!!
🚪 Your dream home is waiting. Let’s make it happen together!
