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Homeownership while black: Examining the devaluation of assets in black neighborhoods

Past Event

Welcome & Presentation

Panel II: What can be done & Closing remarks
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Panel II: What can be done & Closing remarks

According to new research from the Brookings Metropolitan Policy Program and Gallup, in the average U.S. metropolitan area, homes in majority-black neighborhoods are valued at roughly half the homes in neighborhoods with no black residents, amounting to $156 billion in cumulative losses, lower levels of wealth accumulation among black homeowners, and reduced upward economic mobility for black children. The report, “The devaluation of assets in black neighborhoods: The case of residential property,” by Andre Perry, Jonathan Rothwell, and David Harshbarger, finds that this devaluation is caused by racial bias.

On Wednesday, December 5, the Brookings Metropolitan Policy Program and Gallup explored these findings as part of an event, Homeownership while black: Examining the devaluation of assets in black neighborhoods. Following a presentation on the research, two panel discussions discussed possible implications on advocacy efforts and policy reforms.

Following the panel discussions, speakers took questions from the audience.

 

Agenda

Welcome

Beatrice W. Welters

Founder and Co-Chairperson - AnBryce Foundation

Member - Brookings Board of Trustees

Presentation

Panel 1: Unpacking the research

Jamie Barden

Professor, Department of Psychology - Howard University

Panel 2: What can be done

Closing remarks

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