Updated: Jul 19, 2022
A lower percentage of Black Americans own homes now than before the Fair Housing Act was passed in 1968. But resources exist for those who want to become first-time homeowners.
A recent report from the National Community Reinvestment Coalition says during the pandemic, Black homeownership has sunk to a 120-year low. The private mortgage lending market, the report says, does not adequately serve most households of color. NCRC calls on policy makers, community leaders and lenders themselves to “rally around bold new approaches, race-specific goals and performance requirements.” Read More