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racial wealth gap

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Housing Equity in Limbo—Why Hasn’t Biden Finalized an Update to AFFH?

Last year it seemed like a new Affirmatively Furthering Fair Housing rule was imminent, but it never happened. And now it's late enough in the term that if it were finalized, next year's Congress could invalidate it.

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Reported Article

Making Homeownership Work Better

Programs that help households of color buy homes haven’t made much of a dent in the racial wealth gap. But some strategies could generate better outcomes for buyers.

aerial view of suburban development
Reported Article

Increased Homeownership Won’t Close the Racial Wealth Gap

Despite the hopes pinned on it, homeownership is currently too affected by racism at every turn to be an equalizer.

Screenshot from game of a young Black woman holding a glowing key
Review

Dot’s Home, a Computer Game, Addresses History of Housing Discrimination

A new video game aims to educate players on the various housing barriers facing Black Americans through history. How well does it do that?

Review

The Racial Wealth Gap Begins With Our Tax Code

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).

Practitioner Voice

Property Tax Relief Programs Don’t Reach Many Homeowners of Color

Property tax relief programs can be essential for helping older and lower-income homeowners keep their homes. But access to them isn’t universal, or equitable.

Partial view of two houses, semi-attached. The one on the left has been updated and renovated and looks shiny and new. The one on the right is dilapidated, with broken orange roof tiles, grimy and boarded-up windows, and climbing plants taking over the walls.
Opinion

Blaming Redlining Is Too Easy

Expanding access to the housing market is unlikely to do much to close the racial wealth gap. Here’s why.

Reported Article

A Home’s True Worth—Getting Beyond Appraisal Bias

Homes owned by people of color are appraised for less than identical homes owned by white families. Nationwide, that’s led to more than $150 billion in lost equity. How can we stop appraisal bias?

Reported Article

Credit Where Credit Is Due: Expanding Access to Capital for BIPOC Developers

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.

Reported Article

The Role Student Debt Plays in the Racial Wealth Gap

What explains the large disparity in Black and white student debt, and what can we do to address the student debt crisis and close the racial wealth gap?

A smart phone and a ballpoint pen rest on top of a very expensive medical invoice indicating a patient's share of the bill. The bill is stamped past due.
Reported Article

The Long Road to Recovery From Medical Debt

Disproportionate amounts of medical debt contribute to the racial wealth gap. What can be done?

Reported Article

The Debt Trap: How Court Debt Widens the Racial Wealth Gap

Debt related to justice-system involvement falls most heavily on overpoliced communities, extracting wealth and preventing the building of more.

Financial System

Wealth Building Won’t Work While Wealth Extraction Continues

Typical approaches to closing the racial wealth gap focus on ways to help Black households build wealth. But for that to stick, we must also stop siphoning their wealth away.