--- title: Black Americans and the Housing Market description: For the last century, there has been a homeownership gap between Black and White Americans specifically of between 20 and 30 percent. image: https://blog.homelend.net/hubfs/hl%20wide.png --- - [(888) 749-9595](tel:8887499595) - [info@homelend.net](mailto:info@homelend.net) [![HomeLendLogo_TM-01-1](https://blog.homelend.net/hs-fs/hubfs/HomeLendLogo_TM-01-1.png?width=961&name=HomeLendLogo_TM-01-1.png)](https://homelend.net/)   - [Login](https://apply.homelend.net/#/) - [Apply](https://apply.homelend.net/#/milestones) - [Today’s Rates](https://homelend.net/quote/) - [Loan Programs](https://homelend.net/loan-programs/) - [Blog](https://homelend.net/education/) - [Calculator](https://homelend.net/mortgage-calculator/) - [About](https://homelend.net/about-us/) [tel:8887499595](tel:8887499595) [mailto:info@homelend.net](mailto:info@homelend.net) [![Homelend](https://blog.homelend.net/hubfs/HomeLendMortgage_January2020/images/Homelend_Logo_3_8_17_2000-scaled.png)](https://homelend.net/) - [Today’s Rates](https://homelend.net/quote/) - [Loan Programs](https://homelend.net/loan-programs/) - [Blog](https://homelend.net/education/) - [Calculator](https://homelend.net/mortgage-calculator/) - [About](https://homelend.net/about-us/) - [Login](https://homelend.net/about-us/) - [Apply](https://homelend.net/about-us/) - [(888) 749-9595](tel:8887499595) - [info@homelend.net](mailto:info@homelend.net) © 2019 ![](https://blog.homelend.net/hubfs/hl%20wide.png) [HomeLend](https://blog.homelend.net/blog/author/homelend) | [February 07, 2022](https://blog.homelend.net/blog/archive/2022/02/07) | [05:12 PM](https://blog.homelend.net/blog/black-americans-and-the-housing-market) | [0](https://blog.homelend.net/blog/black-americans-and-the-housing-market#comments-listing) comments # Black Americans and the Housing Market Even though it has been over 50 years since the Fair Housing Act was passed, Black homeownership rates have only risen from 41.8 percent to 42.3 percent from 1970 to 2019 (see Figure 1). The same data shows an increase of at least 10 percent for White, Hispanic/Latino, and Asian Americans from that same period.\*  *Figure 1* ![Homeownership By Race Graph](https://blog.homelend.net/hs-fs/hubfs/Homeownership%20By%20Race%20Graph.png?width=629&name=Homeownership%20By%20Race%20Graph.png) For the last century, there has been a homeownership gap between Black and White Americans specifically of between 20 and 30 percent. With the COVID-19 pandemic, the gap has increased, and conditions have worsened significantly for Black homeowners.   *Figure 2*  ![median interest rates by race](https://blog.homelend.net/hs-fs/hubfs/median%20interest%20rates%20by%20race.png?width=715&name=median%20interest%20rates%20by%20race.png) ## **Next Steps**  The Department of Housing and Urban Development (HUD) has a plan to combat this disparity and has promised to dramatically increase the number of Black homeowners by 2030. Over 100 housing groups signed on to support the effort.  HUD helps to protect the housing rights of all Americans; acts of discrimination are taken very seriously and investigated thoroughly at the State and Federal level. With the continued diligence of all parties in the housing industry, we can ensure that housing is equally available to all Americans regardless of race or other superficial factors.   ## **HomeLend Mortgage**  HomeLend Mortgage is proud to be an Equal Opportunity Lender. We comply with all federal and state guidelines including regular internal audits of our loans to ensure we do not have any disparities. It is important that we prioritize fair and equitable lending practices so that we remain a part of the solution.  \* Figures 1 and 2 via NPR’s *Black Americans and the Racist Architecture of Homeownership. *  ###### Tags [interest rates](https://blog.homelend.net/blog/tag/interest-rates) [homeownership](https://blog.homelend.net/blog/tag/homeownership) [Black History Month](https://blog.homelend.net/blog/tag/black-history-month) [Previous post](https://blog.homelend.net/blog/the-fed-inflation-and-increasing-interest-rates) [Next post](https://blog.homelend.net/blog/how-much-home-can-i-afford) No responses yet ### Archives - [October 2024 (24)](https://blog.homelend.net/blog/archive/2024/10) - [December 2024 (22)](https://blog.homelend.net/blog/archive/2024/12) - [November 2024 (21)](https://blog.homelend.net/blog/archive/2024/11) - [September 2024 (17)](https://blog.homelend.net/blog/archive/2024/09) - [January 2025 (15)](https://blog.homelend.net/blog/archive/2025/01) - [December 2019 (12)](https://blog.homelend.net/blog/archive/2019/12) - [November 2019 (9)](https://blog.homelend.net/blog/archive/2019/11) - [March 2020 (4)](https://blog.homelend.net/blog/archive/2020/03) - [February 2022 (4)](https://blog.homelend.net/blog/archive/2022/02) - [March 2022 (4)](https://blog.homelend.net/blog/archive/2022/03) - [January 2020 (3)](https://blog.homelend.net/blog/archive/2020/01) - [March 2025 (3)](https://blog.homelend.net/blog/archive/2025/03) - [February 2020 (2)](https://blog.homelend.net/blog/archive/2020/02) - [April 2020 (2)](https://blog.homelend.net/blog/archive/2020/04) - [May 2020 (2)](https://blog.homelend.net/blog/archive/2020/05) ## Get a FREE rate quote in minutes! 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No mortgage solicitation or loan applications for properties located in the State of New York can be facilitated through this site. Not for use by New York borrowers. ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "HomeLend", "url" : "https://blog.homelend.net/blog/author/homelend" }, "dateModified" : "2022-02-07T22:12:24.066Z", "datePublished" : "2022-02-07T22:12:24.000Z", "headline" : "Black Americans and the Housing Market", "image" : [ "https://blog.homelend.net/hubfs/hl%20wide.png" ], "mainEntityOfPage" : { "@id" : "https://blog.homelend.net/blog/black-americans-and-the-housing-market", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.homelend.net/hubfs/HomeLendLogo_TM-01-1.png" }, "name" : "HomeLend Mortgage" } } ```