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The past two years have been particularly difficult, but even before 2021, Black homeownership was either falling or stagnant and remains far from its pre-2004 high of nearly 50%.
In 2019, Thomas-Murchison told the New York Senate in written testimony that her family and neighbors had lost at least a cumulative $20 million in "real, personal and future assets" because of ...
But they could with a $1.7 trillion to $2.4 trillion affordable housing plan over two decades, McKinsey says. Housing inequality: Black homeowners won’t catch up at this rate for over 300 years.
In early August 2011, at its national convention in New Orleans, LA, NAREB announced an engagement with Wall Street investors to launch an $800 million Homeowner's Assurance Program (HAP) to address the effects of the housing mortgage crisis on African-Americans and other communities of color across the United States.
There are an estimated 2 million cases of housing discrimination each year according to HUD. The National Fair Housing Alliance, the largest fair housing non-profit in the country, estimates that number to be closer to 4 million per year, excluding instances of discrimination due to disability or familial status. [ 74 ]
Bumpas and Van Noy, who are both white, allege in the complaint they applied but weren’t accepted for the SAFHR for Homeowners program, which awarded about $126 million to nearly 10,000 applicants.
Additionally, Black families faced harassment and violence from White homeowners. In 1967, Black people rioted against police violence and housing/employment discrimination, known as the 1967 Detroit Riot; after Governor Romney called in the Michigan Army National Guard and President Johnson called in the U.S. Army, 43 people were killed and ...
The median price of a home in San Diego has reached up to $750,000, out of reach for many Black people shopping for homes. A new program in San Diego is hoping to close some of its city’s wealth ...