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In the media
Bloomberg once appeared to blame the financial crisis on the end of redlining — how this discriminatory practice still hurts Americans
Boosting the returns on homeownership for black families would reduce the wealth gap with white families by more than $17,000, or 16%, according to a 2015 report from the public-policy organization Demos and the Institute for Assets and Social Policy at Brandeis University.
As a result, black Americans who are homeowners in these areas haven’t seen the same wealth-creating benefits of rising home values as their peers in other places. Researchers argue that this had exacerbated the racial-wealth gap.
Boosting the returns on homeownership for black families would reduce the wealth gap with white families by more than $17,000, or 16%, according to a 2015 report from the public-policy organization Demos and the Institute for Assets and Social Policy at Brandeis University.
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Press release/statement
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