Homeownership has long been pursued as a means to build generational wealth in the U.S., but it’s been far from a level playing field.
Black Americans have been systematically and intentionally discriminated against for generations at every step of the home buying process, resulting in a 30% Black homeownership gap. Conditions have only gotten worse despite the Fair Housing Act in 1968, signed into law by President Lyndon Johnson.
Farnoosh Torabi, NextAdvisor contributor and award-winning financial journalist, explains in her monthly column for NextAdvisor, “Closing the Gap,” the systemic inequalities in the financial system and the people working to change them.
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