ARIZONA NEWS

ASU report details why racial inequities in home ownership continues

Feb 25, 2022, 4:45 AM | Updated: 5:34 am
(Pexels Photo)...
(Pexels Photo)
(Pexels Photo)

PHOENIX — Recent census data shows African Americans own homes at a smaller percentage than white Americans, a continuation of years of housing discrimination.

Census data from 2019 found that in Arizona, African Americans were more than 36 percentage points less likely to own a home than whites.

That trend is the focus of a report by Arizona State University’s Morrison Institute, as Associate Director of Research Alison Cook-Davis says looking at the past helps to understand the present.

“This gap in home ownership is one of the factors behind the racial wealth gap in America,” she said.

There are many examples in recent history.

Struggling homeowners during the Great Depression got federal relief, and World War II veterans got support from the G.I. Bill to purchase homes.

However, African Americans faced discrimination and weren’t able to take advantage of the programs at the same rate as whites.

Displacement was also a factor. One example in Arizona was the construction of Interstate 17, which cut through South Phoenix neighborhoods with primarily Black and Latino residents.

The 2008 housing crisis exposed more inequalities.

A larger percentage of Black homebuyers were approved for more risky subprime loans – and Black households were over three times more likely to face foreclosure than white households.

“Although racial discrimination in housing is now prohibited, the echoes of history with inequity continue, despite efforts to level the homeownership playing field,” Cook-Davis said.

She says that fact is represented in the most recent census data.

“Families of color are less likely to own homes, and the homes they own are considered less valuable,” Cook-Davis said.

She said despite the historical nature of these inequalities, there are ways to combat them.

The report details several policy solutions, such as reevaluating how credit scores are calculated, removing race from mortgage applications and working to increase affordable housing stock.

Part of the solution is more individualized but just as important.

“Oftentimes, people of color do not come from generations of homeowners,” Cook-Davis said. “Targeted education opportunities could increase knowledge and comfort with that process.”

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

(Pexels Photo)...
Associated Press

NFL offering free CPR training during Super Bowl week

The NFL and American Heart Association will provide free CPR education in Arizona throughout Super Bowl week as part of the NFL Experience.
11 hours ago
(AP Photo)...
KTAR.com

Glendale ranks 4th in study of worst commutes in US

In a new study of U.S. cities, Glendale ranks fourth in terms of the nation's worst commutes.
11 hours ago
An IRS 1040 form, U.S. Individual Income Tax Return, is shown on Thursday, April 5, 2018, in New Yo...
KTAR.com

AARP Foundation Tax-Aide provides free income tax prep assistance in Arizona

One taxpayer assistance option available is the AARP Foundation Tax-Aide, which is providing free tax assistance and preparation in Arizona.
11 hours ago
(Arizona Game and Fish Department Photo)...
Alex Weiner

Sonoran pronghorn population in Arizona makes leaps after AZGFD partnership with Mexico

The Sonoran pronghorn native to Arizona was on the cusp of extinction in the United States with 21 individuals in the wild in 2002.
11 hours ago
(Jim Poulin/Phoenix Business Journal)...
Ron Davis/Phoenix Business Journal

Radix Law partner helps launch ride-share carts in Scottsdale ahead of Super Bowl LVII

In a matter of weeks, those looking for a ride will be able to call for one through a mobile app to take them through Scottsdale's entertainment district at no charge.
11 hours ago
(Facebook Photo/Phoenix Police Department)...
KTAR.com

Shooting in central Phoenix leaves 1 dead, 2 others injured on Saturday

Phoenix police are searching for a suspect in a shooting that left one man dead and two others injured on Saturday.
1 day ago

Sponsored Articles

...
Day & Night Air Conditioning, Heating and Plumbing

Company looking for oldest air conditioner and wants to reward homeowner with new one

Does your air conditioner make weird noises or a burning smell when it starts? If so, you may be due for an AC unit replacement.
(Photo via MLB's Arizona Fall League / Twitter)...
Arizona Fall League

Top prospects to watch at this year’s Arizona Fall League

One of the most exciting elements of the MLB offseason is the Arizona Fall League, which began its 30th season Monday.
...
Quantum Fiber

How high-speed fiber internet can improve everyday life

Quantum Fiber supplies unlimited data with speeds up to 940 mbps, enough to share 4K videos with coworkers 20 times faster than a cable.
ASU report details why racial inequities in home ownership continues