Across metropolitan America, housing prices are lower where the Black population share is higher. Over 3.2 million owner-occupied homes in Black-majority neighborhoods across America have been collectively devalued by $156 billion. The devaluation of homes in Black-majority neighborhoods is a systematic and nearly ubiquitous failure. Addressing the current devaluation and preventing future devaluation requires structural innovations in public policy and private markets.
It is time for change. It is time for innovative solutions. It is time for a new generation of structural innovations that enable homeowners in Black-majority neighborhoods to realize the value and appreciation of their assets.
Valuing Homes in Black-Majority Neighborhoods is a far-reaching effort of the Brookings Metropolitan Policy Program and Ashoka’s Economic Architecture Project to find solutions for housing devaluation.
We will map the most promising innovations from across the country and invite participants to a collaborative challenge with up to $1 million of prize funds. We are looking for people who are proximate to the problem of home devaluation and have a market- or policy-based innovation. If that is you, or if you’re interested in supporting change and offering your solutions to the problem, we want to hear from you.
Join or leaRn more
If you have innovative market-based or policy-based ideas, are interested in supporting change, or are interested in learning more, we would love to hear from you.
Andre M. Perry
Senior Fellow, Brookings Metropolitan Policy Program
Leadership Group Member, Ashoka