Congresswoman Angie Craig Convenes Discussion to Address Racial Disparities in Home Ownership

Today, U.S. Rep. Angie Craig hosted policymakers and real estate professionals to learn more about and to collaborate on the best ways to address racial disparities in homeownership in Minnesota.

"In Minnesota, the homeownership rate among white households is 77% compared to only 24% among Black households. Today, I brought folks together to discuss this issue and how we can address it so that everyone can fulfill the American dream," said Rep. Angie Craig. "At the end of the day, this is about making sure families can pass that American dream on to their children."

Today's discussion focused on moving beyond equity-based language to equity-based actions to increase homeownership, including the following recommendations:

• We must reexamine existing policies at the state and federal level to determine what's working and what's not from an equity perspective.
• Addressing inequity will involve a range of policy solutions, from increasing the affordable housing supply to expanding assistance to first-time homebuyers.
• Policies must be continually revisited and revised to ensure they are both effective and equitable.