Homeownership gap calls for broad, balanced response.

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.