Homeownership remains the primary driver for wealth creation in the US. In our region, however, the gap between white homeownership and Black homeownership is expansive and growing. According to the Urban Institute, roughly 50% of Black households own their homes in DC, compared to more than 70% of white households. The lack of Black homeownership is also the main reason white households in DC reported a net worth 81 times greater than the city’s US-born Black households in 2014. In Prince George’s County, 60% of Black families and 47% of Latino families own their home, compared to 77% of white families. In addition to ownership inequities, homeowners in Prince George's County experience lingering effects of redlining and underinvestment, which contributed to equity and wealth drains.
This panel will explore how we got here and discuss innovative models to expand homeownership access across the region to build wealth in Black and Brown communities.
- MODERATOR | Monique King-Viehland, Urban Institute
- PANELIST | Marcia Griffin, HomeFree-USA
- PANELIST | Sasha-Gaye Angus, Manna, Inc.
- PANELIST | Lisa Wise, Flock DC