Immigrant Homebuyers in Lawrence and Lowell, Massachusetts: Keys to the Revitalization of the Cities
Contributing Organization(s): Immigrant Learning Center, Inc.
Author(s)/Creator(s): Jorge Santiago; James Jennings; Luz Carrion
Publishing Date: 2005-11-01
Issue Areas: Economic Development; Immigration
Ownership/Rights Info: Please consult the copyright holder before using or repurposing this information.
File info: 84 pages; 901.6 KB file size
This report describes the homebuying experience of immigrants in Lawrence and Lowell, Massachusetts and how it contributes to their lives and the life of the cities. Home ownership provides wealth to individuals and families. As a key financial resource, owning a home provides opportunities to secure the "good life" including education, business, training, health and comfort. As such, successive waves of immigrants in local communities have regarded the eventual acquisition of their first home as a major goal. In so doing, large segments of immigrants have morphed from renters to homeowners. In such instances, we often witness the transitioning of a poor community to one that is working-class emerging to a middle-class. This report is an in-depth description of such a metamorphous among immigrants in Lawrence and Lowell. The study reveals important contributions that immigrants homebuyers have made to the growth and economic health of the two cities.
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