AL.com, March 22, 2022, What the Black homeownership gap looks like across Alabama
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What’s more concerning is the gap is widening. According to the 2020 National Community Reinvestment Coalition Home Mortgage Report
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, home loan originations to majority-minority neighborhoods declined to 18.5% in that year from 19.1% just two years prior. January 2022 data also shows that the homeownership gap between Black and white Americans is currently the widest it’s been in 100 years
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. Equally troubling is the fact that many lenders are not tracking the race and ethnicity related to home loans.