APIC has recently released a new white paper entitled American Dream 2.0: Safe and Sound First-Time Homeownership Strategies for Working Families in California. This paper offers a series of actionable strategies on homeownership policy for California’s business, nonprofit, and government leaders. At the Assets and Homeownership Symposium, APIC and the Federal Reserve Bank of San Francisco convened thought leaders across sectors and industries to engage in a conversation that lead to some of the strategies outlined in this report.

Despite the turmoil in the state’s housing market, we believe there are innovations in the asset-building field for renters, in lending for first-time buyers, and in employer-sponsored benefits, all of which have successful homeownership track records. This year we hope to see California’s leaders seize this moment and take a thoughtful approach to how the state responds to the current crisis. We believe the American Dream 2.0 on homeownership innovations can help further this conversation.