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CUs Owe It to Members to Reverse Financial Exclusion Driving the Black-White Homeownership Gap

The homeownership gap between Blacks and whites is at its largest in 50 years, but there are steps CUs can take to help.

By Ronaldo Hardy | February 16, 2021 at 10:00 AM
black, white figures on different height stacks of coins Source: Shutterstock

Over the last 15 years, Black homeownership rates have declined to levels not seen since the 1960s, when private, race-based discrimination was legal. The gap in the homeownership rate between Black Americans and non-Hispanic white households is the highest it has been in 50 years.

With a socially driven mission and operating principles rooted in nondiscrimination and equal distribution of financial gains, credit unions have reasons to consider solutions to this societal issue, particularly during Black History Month. Demonstrate that we have learned from our history!

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