10 Mar Press Release: Saving Black Homeownership Policy Brief
LOS ANGELES, CA, March 8, 2021
Families and individuals are still reeling from the global pandemic. But for some for the Black communities in LA County, the pandemic wiped away economic gains, security, and business equity that may not be recovered. These realities is why NHS is excited to partner with UCLA’s Center for Neighborhood Knowledge to present our policy brief; Saving Black Homeownership.
Even before the global pandemic, Black homeownership basically made no progress since the Great Recession. With a looming end to the moratoriums preventing foreclosures and evictions, thousands of Black families are on the path to losing their homes if permanent measures are not established.
In this brief we outline the causation of the crisis, both current and pre-pandemic homeownership patterns, pandemic pre-foreclosure analysis and recommendations for equitable solutions for Black homeowners. We ask that you join us in sounding the alarm on systemic disparities coupled with the direct assault from the pandemic that have created this pending crisis surrounding Black Homeownership. Let’s unify in preserving equity, and the legacy in our communities.
In this brief we outline the causation of the crisis, current and pre-pandemic homeownership patterns, pandemic pre-foreclosure analysis and recommendations for equitable solutions for Black homeowners. We ask that you join us in sounding the alarm on systemic disparities alongside the direct assault from the pandemic that have created this pending crisis set to destroy the nominal gains in Black Homeownership. Join us in preserving equity, and the legacy of our long time neighbors. Read full report here.
“The higher pre-foreclosure rate in African American communities can also be seen in Figure 8, which displays the pre-foreclosure notice rates by neighborhoods (census tracts) in Los Angeles County. In the thematic map, darker blue shading depicts higher foreclosure rates (normalized by the total number of owner-occupied units). Black majority neighborhoods are outlined in yellow. The overlap is most apparent in parts of South Los Angeles.”
About Us – For over 36 years, NHS has lead the charge in LA County putting 4.7 million families on the road to homeownership, while deploying over $7.1 billion back into LA County’s most underserved communities. At this moment in our country with rising disparities, our work and the work of The Legacy Project are critical to help strengthen the Black family and all families of color to achieve justice and stop the gains of systemic racism, redlining and economic disparity. Visit our website at nhslacounty.org, on Instagram and Twitter at @nhslacounty and on Facebook at Neighborhood Housing Services of LA County.