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.
Demos’s report details how historical and structural racism contributes to higher interest rates and insurance costs for Black and Latinx people, compared to white Americans.
In 2019, progressive organizations, funders, academics, artists, and more came together to strategize about what must be done to face and address the crises undermining our democracy.
The Disparate Impact standard is critical to continued and enhanced opportunity to access fair credit, housing, and homeownership. Demos strongly opposes efforts to undermine this longstanding enforcement tool.
So the next time Democrats complain about lower voter turnout, not just in 53206, but in any beleaguered neighborhood, they might think first about the policies, both old and new, that have served and continue to serve as stumbling blocks for black political participation.
Senator Elizabeth Warren just unveiled the first plan of the 2020 election cycle that comprehensively addresses both college affordability and student loan debt simultaneously.