Insights

Your source for articles, white papers and reports that motivate our mission to increase wealth and homeownership in diverse communities across America.

Expanding Homeownership In LMI Communities

Homeownership remains the primary means by which most households in this country can attain wealth.Yet many families—especially those of color—are locked out of the opportunity to buy homes of their own. Homeownership rates in low- and moderate-income (LMI) communities and for people of color have historically been considerably lower than other groups, making it one of the largest drivers of the racial wealth divide. Barriers to accessing mortgage finance are a major explanation of this.

Steven Sugarman's Speech To The NDC Economic Development Conference

Download Steven Sugarman’s Speech to the National Diversity Coalition’s Economic Development Conference from October 4, 2019‍

The Case For Accelerating Financial Inclusion In Black Communities

A lack of financial inclusion for black Americans exists at every level of the financial system. Understanding the sources of exclusion is the first step to fixing the system.

Steven A. Sugarman Speaks at 74th Annual NAREB Convention on Expanding Black Homeownership

The Change Company, America’s Community Development Financial Institution (CDFI), announced today that its founder Steven Sugarman presented to the 74th Annual National Association of Real Estate Brokers (NAREB) Convention in Cleveland, Ohio. Mr. Sugarman spoke during the Legislative Forum and discussed the unique opportunity for advocacy that exists for NAREB and The Change Company to impact public policy and end government sponsored or sanctioned redlining in America. Mr. Sugarman discussed advocacy positions which would help to immediately expand homeownership across the Black community and begin to reduce the wealth gap between Black and white families in America.

The Secret Bias Hidden in Mortgage-Approval Algorithms

Even accounting for factors lenders said would explain disparities, people of color are denied mortgages at significantly higher rates than White people.

Homeownership, racial segregation, and policy solutions to racial wealth equity

Lower Black homeownership and the racial wealth gap are byproducts of systemic racism, including the legacies of slavery, Jim Crow segregation, redlining, and other anti-Black policies that targeted Black people and predominately Black neighborhoods. Residential segregation facilitates the extraction of wealth and other vital resources that fuel economic and social mobility. The loss of wealth in Black communities hastens a downward socioeconomic spiral.

Can’t Ignore The Racial Disparities:' Black Americans' Net Worth Is One-Seventh Of Whites

The average net worth of Black families is $142,330 — or just one-seventh of the $980,550 in wealth accumulated by white Americans, according to a new study from LendingTree that draws on data from the Bureau of Labor Statistics, the 2020 Economic Policy Institute report, and various Federal Reserve reports.

Racism And The Economy

We will know we have achieved racial equity when race no longer predicts life outcomes.

Closing the Racial Inequality Gaps

In his Letter from a Birmingham Jail, Dr. Martin Luther King Jr. wrote, “We are caught in an inescapable network of mutuality, tied in a single garment of destiny. Whatever affects one directly, affects all indirectly.”

A Snapshot of Race And Home Buying In America

This report examines the homeownership trends among each racial group in the last 10 years. Since all real estate is local, homeownership opportunities vary by area.