Reducing the racial wealth gap by expanding down payment assistance
Housing Wire
DECEMBER 7, 2020
household net worth, policies that significantly narrow the 30-percentage point Black-White homeownership gap , which is as wide as it was in 1890, could also help narrow a vast racial wealth gap. In 2019, White families had 8 times the wealth of Black families ($188,000 vs. $24,100), and five times more wealth than Hispanics ($36,100).
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