Today's typical Black household has only about 23% of the wealth of a typical white household, down from 34.6% before the Great Recession. Housing factors -- including lower home values and rates of homeownership -- directly account for nearly 40%2 of that gap, with assets like investments in stocks and bonds and retirement accounts making up the rest.
While the tireless work of medical professionals, teachers and grocery store workers has rightfully been celebrated throughout the pandemic, you may be less familiar with the work of housing counselors. During a challenging year that exacerbated the U.S. housing crisis, those close to the situation say that housing counselors are the pandemic’s unsung heroes.
Gov. Andrew Cuomo announced last July that New York would spend $100 million in federal coronavirus relief to help cash-strapped tenants pay months of back rent and avert evictions.
The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today unveiled a Fair Housing and Equity legislative package designed to help address ongoing fair housing and equity issues that persist, especially for communities of color. The package is part of C.A.R.’s Californians Need Housing Now initiative, which urges the Legislature to enact policies that address California’s worsening housing affordability and availability crisis with increased housing supply and fair housing reforms.
Frances Salgado Diaz has made the decision to retire from the All Mission Indian Housing Authority (AMIHA) board after serving for 50 years. Members are elected by their tribes and she was Chairwoman of the (Soboba) Board of Commissioners, a position she was elected to by fellow AMIHA board members.