The importance of legal title in housing - Acumen

The importance of legal title in housing

By Jacqueline Novogratz on January 22, 2006

A good column by Hernando de Soto on the importance of title and housing appeared in yesterday’s International Herald Tribune. The lack of title and legal ownership prevents people from moving from an income-based cycle, which too easily keeps people forever in poverty, to an asset-based one whereby the poor can borrow against their homes to invest in other productive activities like their own businesses or education. It is worth reading and thinking about how Acumen Fund might integrate itself into this wider discussion.

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