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The article provides information on the implementation of post-purchase counseling by Minnesota's Emerging Markets Homeownership Initiative. The initiative seeks to boost homeownership rates among Minnesota's minority and immigrant households as a step toward closing the large homeownership gap between those groups and the state's non-Hispanic white population. Research findings indicate that the state is in a good position to use post-purchase support programs to pursue the initiative's goals by reducing the incidence of foreclosure and helping low-income households sustain homeownership.

Presents a speech given by Richard M. Todd, Federal Reserve Bank of Minneapolis Vice President, delivered at the launch of the Emerging Markets Homeownership Initiative in Saint Paul, Minnesota on June 28, 2004. Gap between the overall rate of homeownership in Minnesota; Factors that underlie the gaps; Emphasis of the need to sustain private sector innovations that have reduced discrimination and made credit more widely available.

The article reports on the addition of two new titles to the Federal Reserve Bank of Minneapolis' Community Affairs report series, namely "Minnesota's Earned Income Credit Program: Utilization by Current and Former Welfare Households and the Impact of Policy Parameters" and "Gaining a Better Understanding of the Costs of Homeownership Programs: A Case Study and Recommendations for Minnesota's Home Ownership Center."