Bush-era policy briefly boosted black homeownership to 49.1 percent before collapse

Evidence

The congregation lavished the president with applause. It was a surreal moment. Here was the president of the United States, the most powerful man in the world—a Republican—stating unequivocally that he was committed to the idea that people of color should own something. … Before delivering the speech, President Bush toured Park Place South, a new development of affordable housing in an area once marked by crime and urban blight. There, he met Darrin West, a black Atlanta police officer who proudly showed off his new home. The president held up West as an example of what was possible with the policies he was promoting. And Bush’s initial efforts to increase homeownership among African Americans were indeed quite successful. The rate of black homeownership rose to 49.1 percent during the height of the housing boom. — Eddie S. Glaude Jr., Democracy in Black, 40

Categorization

• XREF: connects to: Homeownership fails as a wealth-building tool for Black Americans due to structural discrimination — Nikole Hannah-Jones et al., The 1619 Project: A New American Origin…, 1376; Black homeownership rose ten points despite being denied FHA insurance — Dorothy A. Brown, Getting to Reparations: How Building a…, 372; The housing crisis devastated black Atlanta before engulfing black America — Eddie S. Glaude Jr., Democracy in Black: How Race Still…, 35
• yield-rescued: below the book’s yield-target cutoff, included anyway for connecting to: Homeownership fails as a wealth-building tool for Black Americans due to structural discrimination — Nikole Hannah-Jones et al., The 1619 Project: A New American Origin…, 1376; Black homeownership rose ten points despite being denied FHA insurance — Dorothy A. Brown, Getting to Reparations: How Building a…, 372; The housing crisis devastated black Atlanta before engulfing black America — Eddie S. Glaude Jr., Democracy in Black: How Race Still…, 35

Broader Connections

• Homeownership fails as a wealth-building tool for Black Americans due to structural discrimination #complicates (0.78) — Nikole Hannah-Jones et al., The 1619 Project, 1376