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

Jamarr Dwayne Young, pictured above, is 33, authorities said. (Maricopa County Sheriff's Office pho...

KTAR.com

Man accused of domestic violence killed bicyclist while fleeing from authorities, Phoenix police say

An Arizona man was arrested after allegedly killing a pedestrian while fleeing from Phoenix police, authorities announced on Friday.

3 hours ago

Casita bill, or HB 2070, passed in Arizona House...

Serena O'Sullivan

Arizona House Democrat explains how ‘casita bill’ can help fight the state’s housing shortage

The so-called "casita" bill was passed by the Arizona House of Representatives on Wednesday. Rep. Analise Ortiz breaks down the benefits.

4 hours ago

north-korean-fraud...

Nick Borgia

Arizona woman accused of involvement in major North Korean fraud scheme

An Arizona woman is being prosecuted for allegedly assisting in North Korean fraud schemes to place overseas IT workers in U.S. positions.

5 hours ago

Peoria wants to build out a future airpark similar to the Scottsdale Airpark, pictured here, with a...

Audrey Jensen/Phoenix Business Journal

Peoria Airpark project could create thousands of jobs, millions in revenue

Plans for a new regional airport and employment center in Peoria could generate nearly 8,000 jobs and millions of dollars in revenue for the municipality, according to a study released this month.

8 hours ago

Authorities released these images from a 2022 assault in Gilbert in January 2024. An arrest was mad...

KTAR Video

Video: SHORT: Why are prosecutors cutting deals with youth violence suspects and alleged Gilbert Goons?

Some of the young adults arrested in connection with violent gang-related attacks in the East Valley are getting deals from prosecutors. Chris Merrill shares his thoughts.

9 hours ago

...

KTAR Video

Video: Why are prosecutors cutting deals with youth violence suspects and alleged Gilbert Goons?

Some of the young adults arrested in connection with violent gang-related attacks in the East Valley are getting deals from prosecutors. Chris and Joe wonder how victims and others experiencing youth violence feel. Video: Jeremy Schnell and Felisa Cárdenas/KTAR News

9 hours ago

Sponsored Articles

...

COLLINS COMFORT MASTERS

Here are 5 things Arizona residents need to know about their HVAC system

It's warming back up in the Valley, which means it's time to think about your air conditioning system's preparedness for summer.

...

DISC Desert Institute for Spine Care

Sciatica pain is treatable but surgery may be required

Sciatica pain is one of the most common ailments a person can face, and if not taken seriously, it could become one of the most harmful.

...

Collins Comfort Masters

Here’s 1 way to ensure your family is drinking safe water

Water is maybe one of the most important resources in our lives, and especially if you have kids, you want them to have access to safe water.

ASU report details why racial inequities in home ownership continues