Table 5-4: Effect of Different Down Payment Subsidies on Affordability Status of Families and Unrelated Individuals for a Modestly Priced Home, by Current Tenure and Type of Financing: United States, 1995 (Numbers in thousands. Data may not add to total due to rounding) ------------------------------------------------------------------------------------------------------------------------------------------------- | Cannot afford moderately priced home in area | |----------------------------------------------------------------------------------------------------------------| | Families | | |------------------------------------------------------------------------------------------| | | | |Male householder, no |Female householder, no | Unrelated | | Total | Married-couple |wife present |husband present | Individuals | |----------------------|---------------------|---------------------|-----------------------|---------------------| Amount of down payment subsidy | Number | Percent | Number | Percent | Number | Percent | Number | Percent | Number | Percent | -------------------------------|-----------|----------|----------|----------|----------|----------|-----------|-----------|----------|----------| USING CONVENTIONAL, FIXED-RATE,| | | | | | | | | | | 30-YEAR FINANCING | | | | | | | | | | | | | | | | | | | | | | Total | | | | | | | | | | | No down payment subsidy........| 32,395 | 44.4 | 18,739 | 34.2 | 2,054 | 64.1 | 11,603 | 77.7 | 24,914 | 65.7 | $1,000 subsidy.................| 31,799 | 43.6 | 18,264 | 33.4 | 2,031 | 63.3 | 11,504 | 77.0 | 24,580 | 64.8 | $2,500 subsidy.................| 30,784 | 42.2 | 17,403 | 31.8 | 1,994 | 62.2 | 11,387 | 76.2 | 24,005 | 63.3 | $5,000 subsidy.................| 27,413 | 37.6 | 14,799 | 27.0 | 1,855 | 57.8 | 10,760 | 72.0 | 22,030 | 58.1 | $7,500 subsidy.................| 24,657 | 33.8 | 12,687 | 23.2 | 1,740 | 54.2 | 10,231 | 68.5 | 20,615 | 54.4 | $10,000 subsidy................| 22,587 | 31.0 | 11,069 | 20.2 | 1,632 | 50.9 | 9,886 | 66.2 | 19,515 | 51.5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Current owners | | | | | | | | | | | No down payment subsidy........| 13,092 | 25.4 | 8,572 | 20.0 | 755 | 41.2 | 3,765 | 54.9 | 6,548 | 37.7 | $1,000 subsidy.................| 12,662 | 24.6 | 8,239 | 19.3 | 740 | 40.4 | 3,683 | 53.7 | 6,382 | 36.7 | $2,500 subsidy.................| 11,973 | 23.3 | 7,657 | 17.9 | 727 | 39.7 | 3,589 | 52.3 | 6,118 | 35.2 | $5,000 subsidy.................| 10,761 | 20.9 | 6,742 | 15.8 | 664 | 36.3 | 3,355 | 48.9 | 5,630 | 32.4 | $7,500 subsidy.................| 9,695 | 18.8 | 5,935 | 13.9 | 613 | 33.5 | 3,147 | 45.9 | 5,225 | 30.1 | $10,000 subsidy................| 8,662 | 16.8 | 5,127 | 12.0 | 569 | 31.0 | 2,966 | 43.2 | 4,854 | 28.0 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Current renters | | | | | | | | | | | No down payment subsidy........| 19,304 | 90.1 | 10,167 | 84.9 | 1,299 | 94.6 | 7,838 | 97.1 | 18,365 | 89.4 | $1,000 subsidy.................| 19,137 | 89.3 | 10,025 | 83.7 | 1,291 | 93.9 | 7,822 | 96.9 | 18,198 | 88.6 | $2,500 subsidy.................| 18,812 | 87.8 | 9,747 | 81.4 | 1,267 | 92.2 | 7,799 | 96.6 | 17,887 | 87.1 | $5,000 subsidy.................| 16,652 | 77.7 | 8,057 | 67.3 | 1,190 | 86.6 | 7,405 | 91.7 | 16,400 | 79.8 | $7,500 subsidy.................| 14,962 | 69.8 | 6,752 | 56.4 | 1,126 | 82.0 | 7,084 | 87.8 | 15,390 | 74.9 | $10,000 subsidy................| 13,925 | 65.0 | 5,942 | 49.6 | 1,063 | 77.4 | 6,920 | 85.7 | 14,661 | 71.4 | | | | | | | | | | | | | | | | | | | | | | | ------------------------------------------------------------------------------------------------------------------------------------------------- Table 5-4: Effect of Different Down Payment Subsidies on Affordability Status of Families and Unrelated Individuals for a Modestly Priced Home, by Current Tenure and Type of Financing: United States, 1995 - continued (Numbers in thousands. Data may not add to total due to rounding) ------------------------------------------------------------------------------------------------------------------------------------------------- | Cannot afford moderately priced home in area | |----------------------------------------------------------------------------------------------------------------| | Families | | |------------------------------------------------------------------------------------------| | | | |Male householder, no |Female householder, no | Unrelated | | Total | Married-couple |wife present |husband present | Individuals | |----------------------|---------------------|---------------------|-----------------------|---------------------| Amount of down payment subsidy | Number | Percent | Number | Percent | Number | Percent | Number | Percent | Number | Percent | -------------------------------|-----------|----------|----------|----------|----------|----------|-----------|-----------|----------|----------| USING FHA, FIXED-RATE, 30-YEAR | | | | | | | | | | | FINANCING | | | | | | | | | | | | | | | | | | | | | | Total | | | | | | | | | | | No down payment subsidy........| 30,703 | 42.1 | 17,190 | 31.4 | 2,015 | 62.8 | 11,499 | 77.0 | 24,445 | 64.5 | $1,000 subsidy.................| 29,883 | 41.0 | 16,488 | 30.1 | 1,973 | 61.5 | 11,423 | 76.5 | 23,985 | 63.3 | $2,500 subsidy.................| 27,984 | 38.4 | 14,935 | 27.3 | 1,926 | 60.1 | 11,123 | 74.5 | 22,959 | 60.6 | $5,000 subsidy.................| 24,166 | 33.2 | 11,967 | 21.9 | 1,794 | 55.9 | 10,405 | 69.7 | 20,838 | 55.0 | $7,500 subsidy.................| 22,272 | 30.6 | 10,482 | 19.1 | 1,686 | 52.6 | 10,104 | 67.7 | 19,960 | 52.6 | $10,000 subsidy................| 21,056 | 28.9 | 9,612 | 17.6 | 1,636 | 51.0 | 9,809 | 65.7 | 19,247 | 50.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Current owners | | | | | | | | | | | No down payment subsidy........| 11,833 | 23.0 | 7,387 | 17.3 | 743 | 40.5 | 3,703 | 54.0 | 6,396 | 36.8 | $1,000 subsidy.................| 11,394 | 22.1 | 7,001 | 16.4 | 734 | 40.1 | 3,659 | 53.3 | 6,223 | 35.8 | $2,500 subsidy.................| 10,726 | 20.8 | 6,530 | 15.3 | 687 | 37.5 | 3,509 | 51.1 | 5,907 | 34.0 | $5,000 subsidy.................| 9,599 | 18.6 | 5,697 | 13.3 | 636 | 34.7 | 3,266 | 47.6 | 5,400 | 31.1 | $7,500 subsidy.................| 8,610 | 16.7 | 4,892 | 11.4 | 590 | 32.2 | 3,128 | 45.6 | 5,104 | 29.4 | $10,000 subsidy................| 7,775 | 15.1 | 4,264 | 10.0 | 569 | 31.1 | 2,941 | 42.9 | 4,850 | 27.9 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Current renters | | | | | | | | | | | No down payment subsidy........| 18,870 | 88.1 | 9,803 | 81.8 | 1,272 | 92.6 | 7,795 | 96.6 | 18,049 | 87.8 | $1,000 subsidy.................| 18,489 | 86.3 | 9,487 | 79.2 | 1,239 | 90.1 | 7,764 | 96.2 | 17,762 | 86.5 | $2,500 subsidy.................| 17,258 | 80.6 | 8,406 | 70.2 | 1,239 | 90.1 | 7,614 | 94.3 | 17,052 | 83.0 | $5,000 subsidy.................| 14,567 | 68.0 | 6,270 | 52.3 | 1,158 | 84.3 | 7,139 | 88.4 | 15,438 | 75.1 | $7,500 subsidy.................| 13,662 | 63.8 | 5,590 | 46.7 | 1,095 | 79.7 | 6,976 | 86.4 | 14,856 | 72.3 | $10,000 subsidy................| 13,282 | 62.0 | 5,348 | 44.6 | 1,066 | 77.6 | 6,868 | 85.1 | 14,397 | 70.1 | | | | | | | | | | | | | | | | | | | | | | | -------------------------------------------------------------------------------------------------------------------------------------------------