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Building costs can counteract the expected affordability improvements that arise from more new small homes being completed and sold.
The homeownership rate in Newark is low, with rates for Black and Hispanic households near that of white households. At the same time, the majority of homeowners in Newark are Black and Hispanic households.
Data show lower sales prices heighten the percentage magnitude of automated valuation model error in majority-Black neighborhoods.
Loss mitigation policies and substantial housing equity can keep foreclosures at bay in most states.
Rainbow over apartment buildings
Four practical policy principles can guide a more equitable housing response to COVID-19 and beyond.
Suburban neighborhood
Unprotected homeowners of color are feeling the impact of the recession, and the long-term effects could delay their recovery.
Newark, New Jersey cityscape
Understanding barriers to homeownership in Newark can help us better understand how to reduce the racial homeownership gap in other cities.
Skyline with houses
For many homeowners, the increased use of appraisal waivers has provided a tangible financial benefit during COVID-19.
Home in the dark
Approximately 400,000 homeowners who became delinquent after the pandemic began have forgone forbearance and become delinquent.
Shareholders in African-American-owned community banks pose for photo
All financial institutions could better serve the Black community. But CDFIs are already well positioned to make a difference in neighborhoods of color.

COVID-19: Policies to Protect People and Communities

Behind the Numbers at the Urban Institute

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Structural Racism in America

Updates from the Urban Institute

Updates from the Urban Institute

Urban Wire Writers