Homeownership is one of the strongest tools for generating wealth in America. Home values tend to appreciate over time, loans and mortgages make it easier to make such a large purchase, and equity grows as mortgage payments are made. However, though the homeownership rate in the U.S. sits at 65.8 percent in the fourth quarter of 2020, the racial gap in homeownership is alarming, and has been so historically. There are changes happening, and programs available, to reverse this trend.

The U.S. has marginalized most non-white groups in its 400-year history and the institutionalized groundwork that prevented minority groups and the BIPOC (Black, Indigenous, and People of Color) community from generating wealth in America continues to still play a very real and active role today. It is as vital to understand the historical events that led up to our current situation as it is to understand the available opportunities that exist today,…

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