Property is Power! Closing the Gap: Why 50% Black Homeownership Must Be Our Mission

The Michigan Chronicle

Lean Left

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Ownership

Property is Power! Closing the Gap: Why 50% Black Homeownership Must Be Our Mission

The Urgency of Black Homeownership Homeownership is a cornerstone of wealth creation in America. Yet, for Black Americans, homeownership remains out of reach for too many, stagnating at around 42% nearly the same rate as in 1970. Meanwhile, White homeownership has soared to 75%, widening the racial wealth gap. To break this cycle of inequality, achieving a 50% Black homeownership rate is not just an aspirational goal; it is an economic and socia…