No asset is more important in expanding opportunity and hedging against economic uncertainty than owning a home. While homeownership may not be for everyone, strong disincentives are created by federal policies that subsidize poor families to rent but cut off these subsidies should they choose to buy. Meanwhile, federal tax incentives for homeownership only go to those households owing tax--and typically the higher their income and the more expensive their homes, the larger the tax subsidy. Ownership incentives need to change to correct this inequity and better promote homeownership among the poor.