Lower home appraisal values contribute to the wealth gap between white communities and communities of Black and Latinx people.
The government plans to use fair housing laws and regulatory action to address the racial disparity in home valuations.
Homes in most white neighborhoods are worth an average of $250,000 more than those in mostly Black and Latinx neighborhoods.
Darrick Hamilton, a co-author of a recent study from the New School, describes other ways to address the disparity that hurts Black Americans.
The groundbreaking reparations program in Evanston, Illinois, seeks to shrink the racial wealth gap through housing grants.
The Office of the Comptroller of the Currency oversees most U.S. banking assets and can influence economic inequality.
A proposed $1,000 savings account for every baby born in the U.S. could improve future outcomes for an entire generation of families.
The costs for Black borrowers to pursue a college have been growing exponentially.