Black Homebuyers Use 401Ks To Afford Down Payments
17% of Black homebuyers used their 401k and pensions, higher than any other group.
17% of Black homebuyers used their 401k and pensions, higher than any other group.
Inadequate supply of homes, discriminatory practices, and economic disparities continue to hinder Black homeownership.
FHLBank San Francisco and Urban Institute issue recommendations for pursuing equitable outcomes.
Typical Black homeowner gained nearly $84,000 in equity.
Urban Institute research shows the inability to repay debt or build generational wealth widens the racial wealth gap.
The effort is specifically targeted toward Black and Latinx households.