Industry News

African Americans not closing gap in home-ownership rates

Report blames discrimination, lack of affordable housing
Published on Sep 6, 2006

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by CareyBot

While Americans as a whole enjoy a higher rate of home ownership than ever, the rate for African Americans continues to lag 20 percent below the national average, according to a report that identifies racial discrimination, predatory lending practices and a lack of affordable housing as root causes.

The National Association for the Advancement of Colored People and the National Association of Home Builders collaborated on the report, "Building on a Dream," which is available online ...

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