The American dream while Black: 'Locked in a vicious cycle'

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The American dream while Black: 'Locked in a vicious cycle'
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Homeownership is supposed to be the gateway to the American Dream. Black Americans have been denied access.

Homeownership is supposed to be the gateway to the American dream. Black Americans have been denied access.Aug. 3, 2020

"When I initially apply for a loan online, without fail, I get no problem," said Jones, 37. "They bombard me with emails and letters. Then they see the property address or ask me if I'm married, and everything changes." "We have a housing market with different components, including rentals and purchases and financing and insurance, that is really built on a structure that was explicitly racist," said Debby Goldberg, vice president of housing policy and special projects at the National Fair Housing Alliance, a consortium of nonprofit anti-housing discrimination organizations. "It shouldn't be a surprise to anyone looking around to see how segregated we remain.

"Black Americans are locked in a vicious cycle," said Andre M. Perry, a fellow in the Metropolitan Policy Program at the Brookings Institution who is author of "Know Your Price: Valuing Black Lives and Property in America's Black Cities." "It is the lack of wealth that is the first and most fundamental barrier to homeownership for Black people in this country.

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