Spectrum News 13, March 15, 2022, In Orlando, one mixed-income housing approach aims to break cycles of concentrated poverty
The so-called “American Dream” of homeownership hasn’t ever been equally accessible to everyone. But the pandemic era’s inflated housing market has clarified just how disproportionately uneven the odds are for many marginalized groups.
The gap in homeownership rates between Black and white families is about as wide as 120 years ago, according to the National Community Reinvestment Coalition. The nonprofit wants to see the average Black homeownership rate rise to 60% over the next twenty years; right now it’s at about 43%, way lower than white homeowners’ 72%.
