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Housing Archives - Institute of the Black World 21st Century

Neighborhood homes

Black Americans’ Homes Undervalued by Billions

By | News & Current Affairs

By Teddy Grant, Ebony — Black Americans’ homes are routinely undervalued in the real estate market, according to a report by Brookings Institution and Gallup that was released Tuesday. In the report “The devaluation of assets in Black neighborhoods: The case of residential property,” homes in neighborhoods with a Black majority that are owner-occupied are appraised for lower prices, averaging $48,000 per home, writes Curbed. Such low appraisal prices translate…

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How a ‘segregation tax’ is costing black American homeowners $156 billion

By | News & Current Affairs

A new Brookings/Gallup report finds residential property in majority-black neighborhoods is consistently undervalued. By Patrick Sisson, Curbed — Black Americans, long accustomed to facing more hurdles on the road to homeownership, may consistently find their investments in residential property undervalued, according to a new joint Brookings Institution and Gallup study. According to “The devaluation of assets in black neighborhoods: The case of residential property,” owner-occupied homes are undervalued by the real estate market across…

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Image courtesy of Community Movement Builders (CMB)

Gentrification: The New “Negro Removal” Program

By | Vantage Point Articles

Displacing Black People and Culture, Gentrification: The New “Negro Removal” Program A Call for an Emergency Summit. Vantage Point by Dr. Ron Daniels — Gentrification has emerged as a major threat to Black communities that have been centers for Black business/economic development, cultural and civic life for generations. Gentrification has become the watch-word for the displacement of Black people and culture. Gentrification is the “Negro Removal Program” of the…

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Gentrification

Gentrification, ‘Negro Removal,’ and a Housing Crisis

By | Reparations

By Thelá Thatch, Black Enterprise — Gentrification involves the transformation of under-invested, predominately poor communities from low value to high value. During this transformation, long-time residents and businesses are displaced; unable to afford higher rents, mortgages, and property taxes. For some, gentrification is a process of renovating deteriorated urban neighborhoods through the influx of more affluent residents. To others, gentrification magnifies the racial divide as it shifts a neighborhood’s racial…

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Alice Huffman’s consulting firm is on track to make $800,000 from its work but she denies there is a conflict of interest.

NAACP leader opposes rent control bid while taking real estate money

By | News & Current Affairs

California president under fire for opposing pro-tenant measure yet working as a paid consultant for real-estate backed campaign. By Sam Levin, The Guardian — The California leader of a major US civil rights group is facing backlash for fighting a rent control measure while working as a paid consultant for an opposition campaign funded by real estate companies. The National Association for the Advancement of Colored People (NAACP) in California is opposing…

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Black Space, White Blindness

By | Commentaries/Opinions

Why white Americans have such a hard time picturing a middle-class black neighborhood. By Henry Grabar, Slate — In John Sayles’ 1984 movie The Brother From Another Planet, a card shark is riding a northbound A train that is about to make the 66-block jump from Midtown to Harlem. “I have another magic trick for you,” he says. “Wanna see me make all the white people disappear?” The conductor announces the train…

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Black child holding coins - Serede Jami / Eyeem / Getty Images

Black Americans’ Median Wealth Could Disappear in One Generation

By | Editors' Choice

By Adam Hudson, Truthout — It’s no secret that, as the saying goes, “The rent is too damn high.”Across the nation, housing is becoming increasingly expensive for many Americans. But the story of the present-day housing crisis is not just a story of rising rents; it’s also a story of systemic racism. Today’s rising housing prices exacerbate the racial wealth gap in the US by making it more difficult for Black…

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Sonja Bonnett and other members of the Coalition to End Unconstitutional Tax Foreclosures in front of Bonnett's new Detroit home, which the group acquired for her.

“Make it right”: Coalition wants reparations for Detroit’s “unconstitutional foreclosures”

By | News & Current Affairs, Reparations

By Sarah Cwiek, Michigan Radio — One Detroit family celebrated getting a new home Thursday, as they also called for other families like them to receive similar compensation as victims of what they call “illegal” foreclosures. The Bonnett family lost their home to property tax foreclosure in 2015. Nearly one in four Detroit properties was tax-foreclosed between 2011 and 2015. Some researchers, led by Illinois Institute of Technology and visiting…

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For People of Color, Banks Are Shutting the Door to Homeownership

For People of Color, Banks Are Shutting the Door to Homeownership

By | News & Current Affairs

By Aaron Glantz and Emmanuel Martinez — Fifty years after the federal Fair Housing Act banned racial discrimination in lending, African Americans and Latinos continue to be routinely denied conventional mortgage loans at rates far higher than their white counterparts. This modern-day redlining persisted in 61 metro areas even when controlling for applicants’ income, loan amount and neighborhood, according to a mountain of Home Mortgage Disclosure Act records analyzed by Reveal from The Center for Investigative Reporting.

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