black homeownership
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Black People Set to be Disproportionately Affected as Eviction Moratorium Ends
In March, the federal government issued a moratorium on evictions due to the closures and job losses that resulted from the coronavirus pandemic. On July 25, the moratorium expires and unless Congress acts fast, thousands of Black people are at risk of losing their housing. Analysis conducted by The Center of Public Integrity (CPI) has…
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I've Been a Homeowner for Two Years Now. Here's What I've Learned
THERE ARE TAXES AND FEES YOU’VE NEVER HEARD OF SEWAGE FEES LAWN TAXES NEIGHBORHOOD FEES URINE TAXES EVERYTHING’S EXPENSIVE EVERYTHING BREAKS EVENTUALLY SHIT YOU DIDN’T EVEN KNOW IT WAS POSSIBLE TO BREAK WILL BREAK I HAD A BROKEN STOOP STEP LAST YEAR HOW THE FUCK DO YOU BREAK A STOOP STEP WE HAVE SOFT FEET…
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Kamala Harris Proposes $100 Billion Black Homeownership Plan
Joining what seems like every black woman in America at Essence Fest, senator and presidential hopeful Kamala Harris unveiled a $100 billion plan to increase black homeownership that, if implemented, could serve as a major step toward closing the racial wealth gap or at least pay two or three months rent on a modest one-bedroom…
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With $200 Million in Investment, JP Morgan Chase Hopes to Make Black Detroit Flourish
If you google how Detroit is doing, one of the first words you’ll find in the headlines is “comeback.” The city has bounced back from bankruptcy and its downtown area, in particular, is now booming. But the question of economic recovery is also one of equity: Namely, will longtime black Detroit residents, who stayed in…
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Amid Some Economic Gains, Black Homeownership Continues to Fall: Report
Despite record low unemployment and higher wages than in the past, substantial barriers to homeownership continue to keep black Americans from amassing wealth. A new Washington Post report collects recent studies and data on black homeownership that offers a stark view of the racial gap in housing—one that only seems to be getting worse. Citing…
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Sen. Elizabeth Warren Breaks Down America’s Ugly History of Housing Discrimination and How She Plans to Fix It
Home ownership is at the heart of the American dream. Michael Smith, his wife, Janet, and their daughter, Ashley, were living that dream. They scrimped and saved for a down payment while he worked full-time moving packages for DHL, and Janet, for Chase. Finally, they bought a modest home with a small yard in a…
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Tracing Your Roots: Where Were My Black Homeowning Ancestors From?
Records reveal a proud legacy in Mississippi, yet data shows why we should not be all that surprised. Dear Professor Gates: My great-great-grandparents were George Derden (or Durton) and Beatrice Derden. My great-grandmother Christine was one of their daughters. I was told by my grandmother that my great-great-grandfather owned land or his own house in…
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Redlining 2.0: How Banks Block Black Homebuyers
In April 2016, Rachelle Faroul, a 33-year-old black woman, applied for a mortgage loan. Even though she had a good credit score, a degree from Northwestern and a job making $60,000 a year teaching computer programming at Rutgers University, her application was denied. I know what you’re thinking, but it was not because she was…