The recovery from the housing crisis of the Great Recession has proven uneven in more ways than one. One not insignificant feature: less lending to minority homebuyers.
Bing Bai, Sheryl Pardo, and Karan Kaul provide insight into recently released Home Mortgage Disclosure Act data (HMDA) on 6 million loans made in 2014.
The takeaway that headlines the analysis: "minority borrowers still lag behind in the post-crisis recovery."
The article provides more on that trend: "Minority households were locked out of the post-recession recovery partly due to the tight lending standards as they tend to have lower income and weaker credit profiles. More recently, some progress has been made to open up the credit box and our credit availability index shows that access to credit has started to slowly increase since late 2013."
The article includes several varieties of infographics to illustrate its points. To explore the data further, see also the Urban Institute's interactive map "that now shows 14 years of mortgage originations by race and ethnicity, from 2001 to 2014." The demographic data presented by the Urban Institute follows a similar narrative presented by recent geographic analysis by the Center for American Progress.
FULL STORY: Despite progress, minority borrowers still lag behind in the housing recovery
Latinos Buoy a Sagging Homebuying Market
Minorities were hardest hit by the foreclosure crisis of the Great Recession. Latinos are now helping keep the housing market afloat.
Institutional Investors Gaining a Larger Footprint in the Housing Market, Report Says
The locations with the fastest growing populations are seeing the most dramatic increase in investor-owned single-family housing rentals.
Wall Street Suddenly Buying Fewer Single-Family Homes
Rising interest rates are having a major effect in the housing market—including on the large institutional investors who spent much of the past couple of years buying up single-family homes.
What ‘The Brutalist’ Teaches Us About Modern Cities
How architecture and urban landscapes reflect the trauma and dysfunction of the post-war experience.
‘Complete Streets’ Webpage Deleted in Federal Purge
Basic resources and information on building bike lanes and sidewalks, formerly housed on the government’s Complete Streets website, are now gone.
The VW Bus is Back — Now as an Electric Minivan
Volkswagen’s ID. Buzz reimagines its iconic Bus as a fully electric minivan, blending retro design with modern technology, a 231-mile range, and practical versatility to offer a stylish yet functional EV for the future.
Healing Through Parks: Altadena’s Path to Recovery After the Eaton Fire
In the wake of the Eaton Fire, Altadena is uniting to restore Loma Alta Park, creating a renewed space for recreation, community gathering, and resilience.
San Diego to Rescind Multi-Unit ADU Rule
The city wants to close a loophole that allowed developers to build apartment buildings on single-family lots as ADUs.
Electric Vehicles for All? Study Finds Disparities in Access and Incentives
A new UCLA study finds that while California has made progress in electric vehicle adoption, disadvantaged communities remain underserved in EV incentives, ownership, and charging access, requiring targeted policy changes to advance equity.
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.
City of Albany
UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
Chaddick Institute at DePaul University
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research