Bankrate, August 20, 2021, 5 Ways Real Estate Power Players Are Tackling The Racial Gap In Homeownership
For decades, the racial gap in homeownership has remained a stubborn reality. Just 45 percent of Black Americans owned their homes in the second quarter of 2021, compared to nearly 74 percent of White Americans, according to the U.S. Census Bureau.
Landis, a startup that aims to turn renters into homeowners, isn’t focused solely on the racial gap, but addressing that problem is part of its business model.
Landis this year raised $165 million from a group of investors led by Sequoia Capital, the Silicon Valley venture firm. Other backers include actor Will Smith and Jay Z’s Roc Nation. The nonprofit National Community Reinvestment Coalition lauded Landis’ offering as a way to close the racial gap in homeownership and wealth.
