"The gap between white and black home ownership is the widest since the New Deal."
Pedro Nicolaci Da Costa reports: "The Great Recession delivered a far bigger hit to black Americans’ already meager wealth holdings— depressed by slavery, centuries of discrimination, and deliberately discriminatory housing policies — than it did to whites."
The effect of the Great Recession means the homeownership gap between black and white Americans is as bas as it has been at any point since the beginning of the 20th century.
The article is reporting the findings of a new report by Darrick Hamilton and Christopher Famighetti, published by the Stanford Center for Poverty and Inequality.
In addition to foreclosures and the decline of housing prices that resulted from the Great Recession, the report points to other factors worsening the gap between racial groups in the homeownership market, like gentrification, more stringent mortgage eligibility criteria, and ongoing lending and housing discrimination.
FULL STORY: Black millennials less likely to own a home than their grandparents were at same age
The Numerous Obstacles—Past and Present—Facing Black Homeowners
Black Americans pay a higher price to be homeowners—and the number of those who can afford to pay that price is dropping quickly.
Black Housing Project Spotlights Black Homeownership
A new initiative highlights the stories of Black homeowners in New York City and the challenges that Black homebuyers continue to face across the country.
Million-Dollar Homes Becoming Standard Fare Across Los Angeles
As households with means seek to escape crowded apartment buildings and take advantage of historically low mortgage rates, average home prices of over $1 million are proliferating across the LA region.
Alabama: Trump Terminates Settlements for Black Communities Harmed By Raw Sewage
Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”
Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
The plan would reduce visitor accommodation by 25% resulting in 1,900 jobs lost.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Wind Energy on the Rise Despite Federal Policy Reversal
The Trump administration is revoking federal support for renewable energy, but demand for new projects continues unabated.
Passengers Flock to Caltrain After Electrification
The new electric trains are running faster and more reliably, leading to strong ridership growth on the Bay Area rail system.
Texas Churches Rally Behind ‘Yes in God’s Back Yard’ Legislation
Religious leaders want the state to reduce zoning regulations to streamline leasing church-owned land to housing developers.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
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