"The gap between white and black home ownership is the widest since the New Deal."
Pedro Nicolaci Da Costa reports: "The Great Recession delivered a far bigger hit to black Americans’ already meager wealth holdings— depressed by slavery, centuries of discrimination, and deliberately discriminatory housing policies — than it did to whites."
The effect of the Great Recession means the homeownership gap between black and white Americans is as bas as it has been at any point since the beginning of the 20th century.
The article is reporting the findings of a new report by Darrick Hamilton and Christopher Famighetti, published by the Stanford Center for Poverty and Inequality.
In addition to foreclosures and the decline of housing prices that resulted from the Great Recession, the report points to other factors worsening the gap between racial groups in the homeownership market, like gentrification, more stringent mortgage eligibility criteria, and ongoing lending and housing discrimination.
Read the full story: Black millennials less likely to own a home than their grandparents were at same age
The Numerous Obstacles—Past and Present—Facing Black Homeowners
Black Americans pay a higher price to be homeowners—and the number of those who can afford to pay that price is dropping quickly.
Black Housing Project Spotlights Black Homeownership
A new initiative highlights the stories of Black homeowners in New York City and the challenges that Black homebuyers continue to face across the country.
Million-Dollar Homes Becoming Standard Fare Across Los Angeles
As households with means seek to escape crowded apartment buildings and take advantage of historically low mortgage rates, average home prices of over $1 million are proliferating across the LA region.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
California plans to bury El Niño’s downpour
If the state plays its cards right, it may be able to store a billion acre-feet of El Niño’s water in aquifers.
Chicago breaks ground on $3 billion megadevelopment
The new neighborhood, titled Foundry Park, will one day host 3,700 residences.
Satanic place names
From streams and lakes to valleys and canyons, I mapped more than 1,000 places named after the Devil.
California High-Speed Rail Authority CEO resigns after $600,000 scandal
Under Ian Choudri, the authority used taxpayer dollars to fund first class flights and trips to nightclubs.
Want to study the Missouri River? Soon, you may need unanimous approval from 10 states
Legislation would require 10 governors’ permission to study or build projects moving water outside the basin.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
Hunter College, City University of New York (CUNY)
The Architects Foundation
University of Cincinnati Online
City of Cambridge
Montrose County
The Pocatello Development Authority