By Aracely Panameño From our nation’s founding, state and federal laws have either stacked the deck for or against Americans of diverse racial and ethnic origin. In their new report, “The Color of Wealth in Miami,” Alan A. Aja, Gretchen Beesing, Daniel Bustillo, Danielle Clealand, William Darity, Jr., Darrick Hamilton, Mark Paul, Anne E. Price,…
BY: JANN SWANSON Two US Census Bureau researchers have determined that the biggest determinants of household wealth are owning a home and having a retirement account. While that may not be surprising, the degrees of magnitude are. Using data from the 2015 Survey of Income and Program Participation, Jonathan Eggleston, an economist, and Donald Hays,…
By Kevin Guhl, Neighbor Coldwell Banker And Realogy Support National Association Of Real Estate Broker’s Commitment To Diversity And Inclusion MONTCLAIR, N.J. (Aug. 23, 2019) – Coldwell Banker Residential Brokerage and its parent company Realogy had the honor of being a corporate sponsor of the 72nd Annual National Convention of The National Association of Real…
By Stacy M. Brown, NNPA Newswire Correspondent Bank of America officials have spent the past few months asking their customers and clients a simple question – what would you like to have the power to do? “For many, the goal is to own a home and saving up for a down payment is the biggest…
Part 1 in a series: The difference between deed theft and the city’s controversial Third Party Transfer Program By Charlie Innis Black homeowners in Central Brooklyn are losing their homes at an alarming rate, and the main culprits are deed theft and the city’s controversial Third Party Transfer Program. As of March 2019, there were…
By Zack Budryk The relative rarity of banks in nonwhite neighborhoods is exacerbating the racial wealth gap by leaving African Americans more reliant on expensive financial services such as payday lending institutions, according to Reuters, citing research by McKinsey & Co. The study found that majority-white counties have an average of 41 financial institutions per…
Stedman Graham encourages audience to step into their power. By Mike Community Journal Potential homebuyers turned out in droves to receive know-how, financial assistance through landmark program While statistics may paint a grim picture of Black homeownership, a recent event in Baltimore laid out a clear path for turning those numbers around across the country.…
By Zach Farber Upstairs at the Linden Hills Library, a flat-screen television has been set up to serve as an interactive history exhibit. The screen displays an old hand-lettered, green-and-black map of Southwest Minneapolis. Scattered across the map are about a dozen big red dots, mostly clustered in the neighborhoods of Linden Hills and Lyndale.…
By Brenda Richardson For many black households, the housing crisis never ended. While 73.1% of white Americans owned homes as of the second quarter of 2019, a record low of 40.6% of black Americans had achieved homeownership and 46.6% of Hispanic Americans. The resulting 32.5 percentage-point gap in homeownership between black and white Americans is…
How America’s Housing System Undermines Wealth Building in Communities of Color By Danyelle Solomon, Connor Maxwell, and Abril Castro This report is part of a series on structural racism in the United States. Authors’ note: CAP uses “Black” and “African American” interchangeably throughout many of our products. We chose to capitalize “Black” in order to…