Building Racial And Economic Equity Through Home Ownership
California’s commitment to racial justice and economic inclusion is meaningless without dramatic changes that make homeownership a possibility for marginalized racial and economic communities. Homeownership has been the most powerful vehicle for multigenerational wealth creation for the middle class.
This policy brief provides an overview of the dramatic racial wealth gap, the consequences of that gap for home ownership and current policies that need to be reformed to build more homes that are affordable by design. Without bold action to systematically lower the cost of new housing, California will fail to address the injustices that have systematically denied opportunities to Californians of color.
Read more about the report in our blog “California’s housing costs widening the wealth gap for communities of color“