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The Devaluation Of Assets In Black Neighborhoods: How Racism Robs Homeowner Of The American Dream, Andre Perry
The Devaluation Of Assets In Black Neighborhoods: How Racism Robs Homeowner Of The American Dream, Andre Perry
Brookings Scholar Lecture Series
Homeownership lies at the heart of the American Dream, representing success, opportunity, and wealth. However, for many of its citizens, America deferred that dream. For much of the 20th century, the devaluing of black lives led to segregation and racist federal housing policy through redlining that shut out chances for black people to purchase homes and build wealth, making it more difficult to start and invest in businesses and afford college tuition. This lecture explained how much money majority-black communities are losing in the housing market stemming from racial bias, finding that owner-occupied homes in black neighborhoods are undervalued by …