September 22, 2016
Thursday’s Advocacy & Think Tank Roundup
- In New York City and elsewhere, homes purchased by white Americans have historically appreciated in value over the long-term, launching these families on a path of upward mobility and allowing them to build assets and transfer them to the next generation. In this week’s Building Justice blog, Colvin Grannum, president at Bedford Stuyvesant Restoration Corporation, writes that these benefits historically have not accrued to the vast majority of black homeowners, who tend to own homes in racially segregated communities which frequently suffer from disinvestment.
