New incentives and flexible loans aren’t enough to reverse a falling rate of homeownership in Baltimore’s Black community because many families find it too difficult to overcome systemic racism and inequities, says a new report by the Baltimore-based Abell Foundation. “Overcoming Barriers to Homeownership in Baltimore City” found that from 2007 to 2017, the homeownership rate in Baltimore City fell from 51% to 47%, and the Black homeownership rate sank from 45% to 42%. The report says the decline…
from https://www.bizjournals.com/baltimore/news/2020/07/14/report-shows-black-homeownership-drop-in-baltimore.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/623634444985729024
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