USA Today: Black households can afford just 25% of homes for sale, down from 39% in 2012

USA Today, October 15, 2019: Black households can afford just 25% of homes for sale, down from 39% in 2012

The median-income black household could afford just 25% of U.S. homes on the market last year, down from 39% in 2012, according to data provided exclusively to USA TODAY by real estate brokerage Redfin and based on the 46 largest markets.

By contrast, median-income white households could afford 57% of homes for sale last year, down from 69% seven years ago.

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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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