The Role of Credit in the Black Homeownership Gap

For 246 years, the damaging institution of slavery categorized Black men, women and children as property and wealth, not people. More than a century and a half after being granted their freedom, Black people are struggling to build wealth as homeowners. 

Blacks have the lowest homeownership rates of all ethnic groups. 

At its high in 2004, Black homeownership peaked at 49.7%, trailing well behind the record 76.2% homeownership rate for white people. The gap in rates between Black and white families is wider now than in 1960 when housing discrimination was legal. 

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