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Long-Term Impact Report: HUD First-Time Homebuyer Education and Counseling Demonstration

Laura R. Peck, Shawn R. Moulton, Debbie Gruenstein Bocian, Tori Morris, Donna DeMarco


September 6, 2022

Abt’s evaluation of the U.S. Department of Housing and Urban Development’s (HUD) First-Time Homebuyer Education and Counseling Demonstration strengthens foundational knowledge on the impact of free homebuyer education and counseling services. The study assessed outcomes across three domains: preparedness and search, financial capability, and sustainable homeownership. It also tested two modes of delivering services: in person and remote. Among the findings, homebuyer education and counseling increased total savings and investments for women and younger treatment group members. Additionally, the report provides a perspective on what more needs to be done to provide equitable access to homeownership.