DS News, September 9, 2021, Changing the Meaning of “Equity” in the Housing Industry
Inequities persist, in part, because they often go unrecognized and uninterrogated. As an industry, we have a special obligation to correct the inequities in housing that endure decades after the original discriminatory practices have been discredited and abandoned.
Organizations such as the National Community Reinvestment Coalition have set a goal of raising the rate of homeownership for Black Americans to 60% in the next 20 years. Achieving that goal will likely require concerted action from government and private industry. It won’t be easy but it’s not without precedent. In the past six years, the rate of Hispanic and Latino homeownership, for example, has risen from about 45% in 2014 to over 50% today.
