“That said, it’s important to note that while these examples can shed some light on why homeownership rates are relatively low for Black people, they’re not all the reasons why a person who identifies as Black may struggle to become a homeowner,” said Jacob Channel, LendingTree’s Senior Economist.
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Fannie Mae Competition to Helps Advance Racial Equity in Housing
Fannie Mae has selected five proposals to help advance racial equity in housing through the $5 Million Innovation Challenge, designed to assist in finding solutions to remove barriers in the home renting and homebuying experience.
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