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The goal is to help 1,500 low- and moderate-income Black households become homeowners within the next five years. Regional council moves ahead with support of Black homeownership program despite ...
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%.
CLT homeownership can be a stepping stone; according to a report published by the Lincoln Institute in 2021, 60% of people who were CLT homeowners were then able to buy a market-rate home.
Black Americans who live in rural counties also gained more broadband access, and megacities had more Black Americans with a bachelor’s degree. However, many communities saw Black homeownership ...
When Black and Hispanic borrowers are approved for loans, they typically must contend with higher interest rates. At least 20% of mortgage loans originated in 2022 for members of these groups came ...
Black homeownership was 48% before it was decimated by the 2008 foreclosure crisis characterized by irresponsible — and in some cases, predatory — lending that disproportionately affected ...
The Atlanta area's Black homeownership rate jumped five percentage points during the worst months of the COVID pandemic when mortgage interest rates were at or near historic lows and student loans were paused. The Black homeownership rate in the Atlanta area increased more than any other race in the same area between 2020 and 2022.
The Black homeownership rate saw a modest annual uptick to 44.1% in 2022 from 44% in 2021, but remains significantly behind the White homeownership rate of 72%, the report found.