The percentage of households that are owner-occupied by race/ethnicity of householder. No data is reported for demographic subgroups with insufficient sample sizes. For more information, see the data and methods document. | National Equity Atlas Data & Methods: Technical Documentation
Percent owner-occupied households:
Can all residents achieve homeownership?
Why it matters
Homeownership can be a critical pathway to economic security and mobility, helping lower-income people build an asset that can be used to pay for education or other productive investments. But people of color have faced major barriers to accessing sustainable homeownership. Communities of color were disproportionately targeted by predatory lenders and negatively impacted by the foreclosure crisis, contributing to the rising racial wealth gap.
Grow an equitable economy: Policies to help families access sustainable homeownership
- Promote shared equity homeownership models, such as community land trusts and limited equity cooperatives
- Provide downpayment assistance programs for low- and moderate-income homebuyers
- Enact a strong Homeowner Bill of Rights to guarantee basic fairness and transparency for homeowners
- Prevent foreclosures and help households and neighborhoods recover from them
- Implement matched savings accounts to help low-income families save for a downpayment
Portland’s Proud Ground Land Trust Helps Low-Income Families Access Homeownership
In 1999, community members and the city founded Proud Ground to provide access to homeownership for low-income residents as housing prices skyrocketed. It has served 280 homebuyers. Half of current homeowners and 62 percent of those on the waitlist are of color. As a community land trust, homeowners buy their homes at below market-rate, and the appreciation rate is set at a level to preserve affordability for future buyers while ensuring a fair return. Nationally, land trusts work: foreclosure rates are close to zero percent and seven in ten homeowners go on to buy market-rate homes. Read more.