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Is the Housing Market the Answer to the Racial Wealth Gap?
In discussions around closing the racial wealth gap, we should be reminded that a very large portion of wealth gained by white Americans should be seen as ill-gotten.
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In discussions around closing the racial wealth gap, we should be reminded that a very large portion of wealth gained by white Americans should be seen as ill-gotten.
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Dorothy A. Brown’s The Whiteness of Wealth breaks down the deleterious effect our tax code has had on Black lives. Crown, 2021, 288 pp., $27 (hardcover); $17 (softcover).
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Debt related to justice-system involvement falls most heavily on overpoliced communities, extracting wealth and preventing the building of more.
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Expanding access to the housing market is unlikely to do much to close the racial wealth gap. Here’s why.
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The difference in aggregate home value between blacks and whites in the American South has remained startlingly steady through periods of dramatic social change.
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The financial industry has been one of the main perpetrators of racial discrimination. It should be obligated to serve all communities, particularly communities of color.
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Black people were excluded from many of the income and wealth-building programs that helped build the foundation of white Americans’ wealth today.
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Two large community development intermediaries have announced major racial equity initiatives that emphasize how affordable housing gets built—and who builds it.
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In 2005, according to the U.S. Census Survey of Income and Program Participation (SIPP), the median Asian American household had a net worth of over $150,000. This was compared to […]
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The dual financial system affects not only Black and Brown consumers, but Black- and Brown-led firms. In the past two years, CDFIs have focused on shifting access to capital for developers.
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Melvin Oliver, vice president for asset building and community development at the Ford Foundation, talks about community development, black and white wealth, and racial inequality.