The Washington Post: Report: Majority of renters can’t afford to buy in their city

The Washington Post, April 19, 2022, Report: Majority of renters can’t afford to buy in their city

Double-digit rent increases in the past year make many renters long to lock in their housing costs by buying a home.

But a recent analysis by Porch, a home services platform, found that 61 percent of renters can’t afford to a buy a home in their city. High rents also make it difficult for tenants to save more to buy in the future.

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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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