How Experts Can Help Close the Gap in Today’s Homeownership Rate

Closing the gap in today's homeownership rate requires addressing the systemic barriers that have historically disadvantaged non-white communities, including the Black community. This can be done through a combination of measures including: Increasing access to affordable financing options, such as down payment assistance programs and low-interest loans. Providing financial education and counseling to help potential homebuyers understand the home buying process and improve their credit score. Promoting fair housing practices and ensuring that all borrowers have equal access to credit regardless of their race or ethnicity. Investing in communities to improve neighborhood stability and increase the supply of affordable housing.