A new report from the Center for American Progress shows that significant disparities still exist between African Americans and non-Hispanic Whites in terms of access to homeownership. This, in turn, hinders the ability of African American families to send their children to quality public schools.
The report shows that today, the typical African American resides in a neighborhood that is only 35 percent white. That is not any better than what was common in 1940, when the average Black resident lived in a census tract where non-Hispanic white residents represented 40 percent of the total population.
The report notes that although some progress has been made in equal housing opportunity, “discrimination in the housing market continues to drive Black-White segregation and reinforces a vicious structural cycle that puts Black homebuyers at a clear disadvantage compared with similarly situated White homebuyers.”
The authors of the report write that “these disparities are reflected in persisting residential segregation and a racially segmented housing market — and they have significant implications for African Americans’ economic mobility. Segregation, disparate access to credit and homeownership, and the consistent devaluation of homes in Black neighborhoods combine to constrict the ability of African Americans to build equity and accumulate wealth through homeownership.”