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Contributions to Cover Homeownership  Form

Contributions to Cover Homeownership Form

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racial segregation in the u.s is not in our past it's our present there's a crazy wealth gap between white and black americans that's tied to homeownership white americans hold seven times the wealth of black americans the same ratio as in the civil rights era and even though black people make up nearly 13 percent of the us population they hold less than 3 percent of the nation's wealth now you have to understand that owning property is the major way american families build wealth but when state mandated discrimination stops black people from owning their homes the growth of their wealth gets halted too okay we have to go way back to see how this happened when the great depression hit the federal government created public housing to help american families for the first time they mostly made public housing projects for white people but there were some made for black folks too by the mid-1930s the government was offering subsidized mortgages at a fraction of the price for white families

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