When it comes to the housing disparity gap in the United States, many states have seen their numbers increase over the years. While practices like redlining and prejudicial lending practices have been outlawed, the generational effect those policies created still hinder some Americans from fair housing, growing the homeownership gap.
A recent study published by the Hope Policy Institute specifically breaks down Arkansas housing disparity gap numbers from 2009 to 2019, as well as explains the history and background of housing disparity in the US.
Blake Guinn and Allison McDaniel delve into the Housing Disparity Gap in the United States with Jonesboro realtor Sonya Sanders.
Sanders said discriminatory housing practices have kept a lot of Black Americans from being able to pass down not just wealth, but knowledge as well.
“There’s a lot of people out there that are ready to buy a home and have the credentials or the eligibility to buy a home, but they don’t know how,” Sanders said.
To begin working in the right direction, Sanders said knowledge is key, and everyone plays a role in ensuring people become educated on homeownership.
Hope Policy Institute Study:
Also, here is the podcast link:
First Take: The Least Boring Banking Podcast (Episode 12 - IRS Reporting Plan)
(Politifact article by Tom Kertscher)
(American Banker article by Brendan Pedersen)