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Increased Black Home Ownership Would Slice Wealth Gap

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In this Oct. 27, 2014 photo, a realty sign is posted in front of a home for sale in Carlsbad, Calif. Real estate date provider CoreLogic releases its September report on U.S. home prices on Tuesday, Nov. 4, 2014. (AP Photo/Lenny Ignelzi)

In this Oct. 27, 2014 photo, a realty sign is posted in front of a home for sale in Carlsbad, Calif. (AP Photo/Lenny Ignelzi)

 

by Freddie Allen
NNPA Senior Washington Correspondent

WASHINGTON (NNPA) – Researchers studying the affects of public policy on the racial wealth gap estimated that the median wealth of Black households would rise 451 percent if Blacks owned homes at the same rates as Whites.

“With policies that advance the rate of Black and Latino homeownership to the same rate as White households, Black median wealth would more than quadruple and Latino media wealth would more than triple,” said Catherine Ruetschlin, a senior policy analyst at Demos, a public policy group that advocates for political and economic equality.

A joint effort by Demos and the Institute on Assets and Social Policy (IASP), a research group that advocates for economic opportunity, security and equity for individuals and families, detailed the key factors in housing, education, and the labor market that have contributed to the racial wealth gap for generations.

The report by said that the median Black household had $7,113 in wealth holdings compared to the median White household, which had $111,146 in wealth holdings in 2011.

“Black households hold only 6 percent of the wealth owned by White households, which amounts to a total wealth gap of $104,033, and Latino households hold only 8 percent of the wealth owned by White households, a wealth gap of $102,798,” stated the report. “In other words, a typical White family owns $15.63 for every $1 owned by a typical Black family and $13.33 for every $1 owned by a typical Latino family.”

According to the report if public policy eliminated racial disparities in income, the median Black wealth would grow $11,488 and if disparities in college graduation rates were eradicated, median Black wealth would grow $1,313.

Thomas Shapiro, the director at IASP, said that the racial wealth gap is one of the most critical issues as the United States moves into the 21st century. Shapiro said that researchers designed a new tool called the “Racial Wealth Audit,” to get a real, objective handle on the impact of policy on wealth accumulation in the United States and what the racial wealth gap really looks like.

Tamara Draut, the vice president of policy and research at Demos, said that while researchers and policy analysts have been heartened by the burgeoning debate surrounding rising inequality in the United States and the implications that it has for all of our standards of living, the underlying racial divide that underpins so much of the inequality in this country is less understood and less talked about.

“In addition, Black and Latino college graduates saw a lower return on their degrees than White graduates: for every $1 in wealth that accrues to median Black households associated with a college degree, median White households accrue $11.49,” stated the report.

Black families also experienced lower returns on the income that they earned, when compared to White families.

“If households of color had the same wealth returns estimated for White families with similar incomes, the racial wealth gap would decrease by 43 percent,” said Tatjana Meschede, the research director at IASP. “To make progress in closing the racial wealth gap, policies need to address both income inequality and differential wealth returns to income.”

Meschede said policy recommendations to address income inequality included raising the minimum wage, the creation of a federal jobs program and increasing unionization.

“Homeownership is the largest reservoir of wealth and financial stability that American families have,” said Thomas Shapiro, the director at IASP. “It’s just that it is so inequitably distributed at this point in time in the value of wealth that it creates.”

With the creation of the Federal Housing Administration in 1934, the United States government sanctioned lenders to use “redlining” to systematically deny Blacks access to that reservoir of wealth for decades.

“While redlining was officially outlawed by the Fair Housing Act of 1968, its impact in the form of residential segregation patterns persists with households of color more likely to live in neighborhoods characterized by higher poverty rates, lower home values, and a declining infrastructure compared to neighborhoods inhabited predominantly by White residents,” stated the report. “Discriminatory lending practices persist to this day. When households of color access mortgages, they are more often underwritten by higher interest rates.”

Draut said that some economists and lawmakers have drawn the wrong conclusions about what happened during the financial collapse and that misunderstanding is preventing faster progress towards the policies that we need.

“We know that lower-income homeowners can afford homes, stay in their homes and not be subject to foreclosure, if they have safe, traditional mortgages,” explained Draut. “The defamation of wealth and the resulting foreclosures were really due to the aggressive marketing and selling of toxic mortgages to communities of color that directly put their homeownership status in danger.”

Shapiro expressed concerns about some of the current conversations taking place on Capitol Hill and at the Treasury Department around financial reforms in the housing industry, adding that some policymakers have floated the idea that prospective buyers should take on more risk, possibly in the form of larger down payments.

“Those are precisely the kinds of reforms that will continue to block families of color from homeownership,” said Shapiro.

In order to close the wealth gap, Ruetschlin said that policies that perpetuate differences in homeownership rates and returns should be changed.

The report recommended stricter enforcement of housing anti-discrimination laws, authorizing Fannie Mae and Freddie Mac to make it easier for struggling homeowners to modify loans and lowering the cap on the mortgage interest tax deduction.

Ruetschlin said that, the investor class and international governments increasingly point to widening inequality as a real threat to economic stability and that the amount of wealth a family holds affects their ability to survive that shock when volatility occurs.

She explained, “Growing inequality can really undermine stability overall and make it even harder for an increasingly large portion of the population to weather those shocks when they come.”

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Arts and Culture

Against All Odds: Mary Jackson’s Journey to NASA Engineer

Jackson’s life took a significant turn when she was offered the opportunity to work in a wind tunnel, a facility used to test the effects of air moving over aircraft structures. It was here that her passion for engineering truly took flight. However, there was a challenge: to become an engineer, she needed to take advanced courses that were only offered at a segregated high school.

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Mary Jackson. Public domain.
Mary Jackson. Public domain.

By Tamara Shiloh  

When we talk about breaking barriers in science, technology, engineering, and mathematics, the name Mary Jackson deserves a place at the top of the list.

Jackson was born in 1921 in Hampton, Virginia, a place that would later become central to her groundbreaking work. From an early age, she showed a strong aptitude for math and science—subjects that, at the time, were not widely encouraged for African American women. But Jackson was not one to be limited by expectations. She earned degrees in mathematics and physical science from Hampton Institute (now Hampton University), setting the foundation for a career that would change history.

Before joining NASA, Jackson worked as a teacher and later as a research mathematician at the National Advisory Committee for Aeronautics (NACA), the agency that eventually became NASA. Like many African American women of her time, she began her career as a “human computer,” performing complex calculations by hand. It was in this environment that she worked alongside brilliant minds like Katherine Johnson, forming part of a powerful group of African American women whose calculations helped launch America into space.

Jackson’s life took a significant turn when she was offered the opportunity to work in a wind tunnel, a facility used to test the effects of air moving over aircraft structures. It was here that her passion for engineering truly took flight. However, there was a challenge: to become an engineer, she needed to take advanced courses that were only offered at a segregated high school.

Jackson did something truly remarkable. She petitioned the city of Hampton for permission to attend those classes. She didn’t accept “no” as an answer. And she won.

In 1958, Jackson became NASA’s first African American female engineer.

But Jackson’s impact didn’t stop there.

Later in her career, she chose to step away from her engineering position—not because she couldn’t continue, but because she wanted to make a difference. She moved into roles focused on equal opportunity, working to ensure that women and minorities had access to the same opportunities she fought so hard to get.

Jackson’s story gained wider recognition through the book and film Hidden Figures, which highlighted the contributions of African American women at NASA. But long before the spotlight found her, Jackson was doing the work—quietly, persistently, and brilliantly.

Jackson retired from Langley in 1985. Among her many honors were an Apollo Group Achievement Award and being named Langley’s Volunteer of the Year in 1976. She served as the chair of one of the center’s annual United Way campaigns and a member of the National Technical Association (the oldest African American technical organization in the United States).

She and her husband Levi had an open-door policy for young Langley recruits trying to gain their footing in a new town and a new career. A 1976 Langley Researcher profile might have done the best job capturing Mary’s spirit and character, calling her a “gentlelady, wife and mother, humanitarian and scientist.”

For Jackson, science and service went hand in hand.

She died on Feb. 11, 2005, at age 83, at a convalescent home in Hampton, Virginia.

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Activism

Supreme Court Voting Rights Ruling Reverberates From the South to California

The Supreme Court’s recent ruling weakening the Voting Rights Act is reshaping political battles, particularly in the South. While California’s protections may offer a buffer, the decision raises national concerns about Black political representation and redistricting.

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Researchers pointed out that the number amounts to 1 in every 50 adults, with 3 out of 4 disenfranchised living in their communities, having completed their sentences or remaining supervised while on probation or parole. (Photo: iStockphoto)
iStock.

By Brandon Patterson

A recent U.S. Supreme Court ruling weakening a key section of the federal Voting Rights Act is already reshaping political battles in parts of the South while raising broader questions about the future of Black political representation nationwide.

In Louisiana v. Callais, the Court’s conservative majority limited the use of Section 2 of the Voting Rights Act, the provision historically used to challenge electoral maps that dilute minority voting strength. Writing in dissent, Justice Elena Kagan warned that the ruling marked the “now-complete demolition of the Voting Rights Act.”

The immediate effects of the ruling are expected to be felt most sharply in Southern states, where litigation over majority-Black districts has shaped congressional maps for decades. Republican-led states including Louisiana, Alabama, and Texas have already moved to defend or revisit maps following the decision, according to reporting by Reuters and Politico.

California’s political landscape is different. The state uses an independent citizen’s commission to draw district lines and also has its own California Voting Rights Act, which in some cases provides broader protections than federal law. Because of those safeguards, the Supreme Court’s decision is not expected to immediately alter Black political representation in California.

Still, legal scholars and voting rights advocates say the ruling could shape future national debates over how race is considered in redistricting and voting rights enforcement.

“It changes the legal atmosphere around voting rights nationally,” UCLA law professor Rick Hasen told Axios. “Even states with stronger protections are paying attention to where the Court is headed.”

The decision also arrives amid renewed political fights over redistricting. In California, voters approved Proposition 50 in November 2025, a measure backed by Gov. Gavin Newsom that expanded the state’s ability to redraw congressional maps in response to mid-decade redistricting efforts in other states.

Supporters argued the measure was necessary to counter increasingly aggressive Republican-led redistricting nationally, while critics warned it could weaken California’s independent redistricting tradition.

For Black Californians, the ruling lands at a time when political representation remains significant even as demographic shifts have changed historically Black neighborhoods in cities like Oakland, Los Angeles and San Francisco.

Oakland Mayor Barbara Lee criticized the Court’s decision in comments to The Oaklandside, calling the Voting Rights Act one of the nation’s foundational civil rights protections.

“This decision weakens one of the most important civil rights tools our communities have had,” Lee said. “We know voting rights were never given freely. People fought and died for them.”

Rep. Lateefah Simon warned against complacency.

“This is part of a larger effort to erase the gains of the civil rights movement,” Simon told Oaklandside. “Black political power matters, and representation matters.”

The Voting Rights Act, passed in 1965 during the height of the Civil Rights Movement, helped expand Black political representation nationwide, including in California, where coalition politics among Black, Latino and Asian American voters helped elect candidates of color at the local, state and federal levels.

For many observers, the latest ruling serves less as an immediate threat to California districts and more as a reminder that voting rights protections long viewed as settled remain politically and legally contested.

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Activism

The People’s Coalition to Stop Deed Theft Speaks at National Probate Reform Coalition Meeting

Evangeline Byars and Carmella Carrington lead the STOPDEEDTHEFT.org movement, fighting rising deed and title fraud, which disproportionately affects Black and Brown communities nationwide.

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Left to right:  Evangeline Byars  and Carmella Carrington are gaining nationwide attention with their STOPDEEDTHEFT.org movement.
Left to right:  Evangeline Byars  and Carmella Carrington are gaining nationwide attention with their STOPDEEDTHEFT.org movement.

 

Caption:

By Tanya Dennis

The National Probate Reform Coalition (NPRC) has learned that aside from rampant theft of properties occurring through probate court, deed theft extends even further with the support of banks, police, judges, attorneys and “the system” to steal Black and Brown properties.

Deed and title fraud are rising, with FBI data showing over 9,300 complaints and $173.6 million in losses in 2024 alone.

To that end, NPRC invited Evangeline Byars of The People’s Coalition to Stop Deed Theft as their keynote speaker on May 7.

Deed theft victims reach out to Byars because she has a reputation of getting things done.  Introduced to community organizing at Medgar Evers College in 2011, Byars was mentored by Harry Belafonte and gained further movement training in 2012-13 through his “Gathering for Justice.” Byars also trained with the Youth Brigade 32BJ, Union in 2012 where she learned to map, target, and execute actions.

With that knowledge as an advocacy worker, Byars ran for president of TWU Local 100 for transit workers.  During challenges of the union and political changes in New York when unions no longer had friends in government, they organized.

In 2025, deed theft victims approached Byars and told their stories.  Byars investigated, and discovered rampant, unrelenting theft of properties, primarily from Black and brown families, got involved and helped them with their fight, teaching them how to sustain their fight at the grassroots level while remaining politically independent.  This independence gave them the ability to move without co promise.

Deed theft is the taking of someone’s deed through fraudulent mortgages or a stranger that accesses property records, prepares paperwork and files for an owner’s property. New York is a’ first notice’ state, which means whoever appears first on record is the designated deed holder.

Deed theft escalated between 2013-23, the outcome of the subprime market, when people faced mass foreclosure and short sales. By 2014 people, primary Black and Brown, were fighting for their property.

In California, title theft (deed fraud) is a fast-growing threat often targeting high-equity homes, vacant land, and rentals. As of 2024, California leads the nation in real estate fraud with over 1,583 cases costing roughly $24.8 million in losses in a single year, reflecting the state’s prime position for scammers due to high property values, the FBI reports.

Byars says, “Deed theft affects Black and Brown people: it is by design, leading to the erasure of people of color homeownership that is happening nationwide. In every big city across the United States, towns and municipalities, we are witnessing a mass exodus of Black and brown people.  This theft cannot occur without judges, notaries and law enforcement, it is a syndicate of players working together for the removal of people by illegal ejectment or eviction.

The People’s Coalition to Stop Deed Theft does court watch and constantly highlight the inequities in the court system.

Byars says, “This is a human rights crisis.  Because of Wall Street and what New York signifies to the nation, know that no state is safe.  Any person can come and create paper terrorism, slap forgery notes on homes; engage in illegal guardian procedures; initiate foreclosures; apply for fraudulent loan modifications; then there’s outright theft and forgery, just taking people’s homes.  Believe me, it’s happening nationally and on the daily, These predators also target seniors over the age of 60 and women.”

The People’s Coalition to Stop Deed Theft take direct actions against perpetrators and are working with the New York District Attorney to create an office dedicated to gighting deed theft.

“Two ways to protect your deed is to keep a note, never satisfy your mortgage, because the bank is the biggest gangster, but if you’re making a payment, it keeps them in check.  Or put your home in a living trust, once you have a trust, it hides the owner’s name and protects the person from predators.”

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