Black homeownership subsidies fail if they ignore present-day white racism.
Evidence
This is why solutions like the ones proposed by the 2020 Democratic presidential candidates missed the mark. They each had plans to increase black homeownership rates, including providing down payment assistance or allowing homesteading as a path to homeownership for those living in neighborhoods with high vacancy rates for a period of years. But even Senator Elizabeth Warren, who tied down payment assistance to home purchases in historically redlined neighborhoods, ignored present-day racism by white homeowners. Neither she nor any of her fellow hopefuls addressed current-day racism and the catch-22 black homeowners face. — Dorothy A. Brown, The Whiteness of Wealth, 226
Categorization
Category: Causal Relationships
- SEED: Angle: why demand-side solutions to racial wealth gaps fail when they treat the market as race-neutral.
Related
- Down payment assistance fails to close the racial homeownership gap without addressing present-day bias (similarity 0.93)
- A wealth-targeted subsidy necessarily includes some white homeowners, making it imperfectly race-aligned. (similarity 0.86)
- Neighborhood wealth thresholds can legally proxy for race in subsidies (similarity 0.84)
- Homeownership fails as a wealth-building tool for Black Americans due to structural discrimination (similarity 0.84)
- Race-conscious homeownership remedies fail when white flight depresses resale values (similarity 0.84)
- Homeownership is the single largest driver of the racial wealth gap (similarity 0.84)
- Present-day race-neutral tax subsidies deepen the racial wealth gap inherited from past discrimination. (similarity 0.83)
- Black taxpayer dollars funded white homeownership subsidies blacks could not access (similarity 0.83)
- Postwar FHA subsidies boosted white but not black homeownership, despite black tax contributions. (similarity 0.83)
- Targeting subsidies to majority-black neighborhoods could offset racial devaluation. (similarity 0.82)
- Present-day white homebuyer behavior, not past policy alone, sustains housing market racism (similarity 0.82)
- Black homebuyers paid premiums because housing exclusion left them few choices (similarity 0.82)
- Neighborhood wealth thresholds can legally replicate the racial targeting of subsidies. (similarity 0.82)
- Homeownership tax subsidies function as twenty-first-century redlining (similarity 0.82)
- Present tax policy perpetuates the housing wealth gap that past covenants created (similarity 0.81)