Scripps News: Vanessa Misciagna
DENVER — Justin Murchison is now a proud homeowner. He purchased his first home in 2021.
“I’m so used to apartments. I’m so used to renting. I’m so used to moving in two years, you know what I mean? But this is the first time which I can actually invest into this and it’d be worth more,” he said.
Homeownership is the no. 1 way families build wealth in America, but for decades, banks across the nation denied lending to Black families.
Watch the StoryThe Black and African American community is filled with assets that have always grown over time. Hear from Dearfield Fund homeowners as they share how homeownership has enriched their lives.
Dearfield Managing Director Aisha T. Weeks featured in National Organization of African Americans in Housing newsletter focused on women making history in housing.
By Brianna Crane The U.S. Black homeownership rate (45.9%) is nearly 30 percentage points lower than the white homeownership rate (73.8%), per the latest from the Federal Reserve. To help close the gap, there are a number of local programs and tools geared toward...