Microfinance and housing for immigrants in the U.S.A.: a sustainable tool

Autores

  • Luis Estevez Jimenez St. Cloud State University

Resumo

Preventing neighborhood deterioration through the updating of housing stock is an opportunity for promoting sustainable development. Updating dwellings suffering from not only deterioration but also those created on an incremental basis and with small resources, creates social opportunities, decreases the consumption of land, energy, and other resources, thus promoting sustainable development. Although the United States has many years of practice and theory in issues related to neighborhood revitalization and development, sectors of population lacking access to financial opportunities still remain. Current financial and housing opportunities are proving to be unaccessable for some important groups such as immigrants. Developing countries have a record of creating original strategies to alleviate problems related to housing. Microfinance for housing has evolved as one of those ideas which have emerged in an attempt to alleviate conditions facing the poor. The main goal of this article is to present an analysis of the key characteristics of a microfinance program for housing, which has been, implemented in some of the poorest counties in Texas along the U.S.-Mexico border. The program began in 2000 and appears to be working with constant clientele. Findings on this research set the groundwork for the implementation of similar programs across the U.S.

Biografia do Autor

Luis Estevez Jimenez, St. Cloud State University

Assistant Professor St. Cloud State University.