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Recent Black Lives Matter demonstrations across the US have shed a light on not only racism in law enforcement but also economic discrimination.
According to Business Insider, a home in an African American neighborhood in Minneapolis is worth $33,000 less than a comparable home in a white one.
In the first quarter of 2020, the black homeownership rate stood at 44%. The level of white homeownership was a shocking 73.7%.
The persistent devaluation of black homes leads to $156 billion in cumulative losses each year, robbing black-owned businesses of investment capital.
If you're missing that equity, you essentially have less to pass onto your children, less to pass onto your community. It's a major extractor of wealth when you devalue property. Andre Perry Fellow, Brookings Institute

Right To HousingUrban Politics In The United StatesWealth In The United StatesAmerican SocietyCivil Rights And Libertieshome ownershiprate of home ownership among African Americansblack homeownershipwhite homeownershipredlining