Black homeownership is stuck near 30-year lows

‘We haven’t made any progress’: Black homeownership is stuck near 30-year lows

July 6 at 10:48 AM 


Jani Tillery, 42, is an attorney at the Children’s Law Center in Washington who has been looking for homes since October. She’s made three offers since the end of November but lost to other bidders and she’s having a hard time finding homes in her price range of less than $200,000. (Andre Chung/for The Washington Post)

Jani Tillery thought she would be a homeowner by now.

Her parents bought a house in the Detroit suburbs in the late 1970s while living on a modest income. Her mother was a teacher. Her father worked in the automotive industry. They raised their children in the house and paid off the mortgage. They will probably live there in retirement and possibly pass the house — not only a home with rich sentimental value but also a sizable financial asset — on to their children.

Tillery, 42, hoped this would finally be the year she, too, could buy. She’s a lawyer at a nonprofit in Washington, and she recently got a promotion and raise.

Yet, she says, this part of the American Dream seems out of reach for her, as it is for many other African American workers despite notable strides in other aspects of their finances.

In many ways, African Americans have regained the ground lost during the financial crisis. Many are finding jobs and getting raises.

But the holy grail of homeownership remains elusive. Forty-three percent of blacks owned homes in 2017, according to an annual report from the Joint Center for Housing Studies of Harvard University. In contrast, 72 percent of whites did, a gap that has mostly widened during the past three decades.

“The overall frustration is, I am a working citizen. I pay my taxes. I’m doing a job to help kids,” said Tillery, whose nonprofit helps children with disabilities. “It’s better for me to own a home. I’m 42. I don’t want to continue renting.”

There aren’t many homes in the area that fall into her price range of $200,000 or less. When she sees a listing she can afford, she either loses out to a buyer who will pay more or waive contingencies or learns that the property isn’t approved for Federal Housing Administration mortgages, which she is relying on because they require lower down payments than conventional loans.

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Jonnelle Marte is a reporter covering personal finance. She was previously a writer for MarketWatch and the Wall Street Journal. 

Segregation Now … – The Atlantic

Segregation Now …

Sixty years after Brown v. Board of Education, the schools in Tuscaloosa, Alabama, show how separate and unequal education is coming back.


APRIL 16, 2014

Nikole Hannah-Jones/ProPublica

Photographs by Maisie Crow

 

Enough James Dent could watch Central High School’s homecoming parade from the porch of his faded-white bungalow, it had been years since he’d bothered. But last fall, Dent’s oldest granddaughter, D’Leisha, was vying for homecoming queen, and he knew she’d be poking up through the sunroof of her mother’s car, hand cupped in a beauty-pageant wave, looking for him.

So, at about 4:30 in the afternoon on October 18, Dent, age 64, made his way off the porch and to the curb along Martin Luther King Jr. Boulevard in the West End of Tuscaloosa, Alabama. Soon he could hear the first rumblings of the band.

There was a time, little more than a decade ago, when the Central High School homecoming parade brought out the city. The parade started in the former state capital’s lively downtown and seemed to go on for miles. The horns of one of the state’s largest marching bands, some 150 members strong, would bounce off the antebellum mansions along the streets. Revelers—young and old, black and white, old money and no money—crowded the sidewalks to watch the elaborate floats and cheer a football team feared across the region.

Central was not just a renowned local high school. It was one of the South’s signature integration success stories. In 1979, a federal judge had ordered the merger of the city’s two largely segregated high schools into one. The move was clumsy and unpopular, but its consequences were profound. Within a few years, Central emerged as a powerhouse that snatched up National Merit Scholarships and math-competition victories just as readily as it won trophies in football, track, golf. James Dent’s daughter Melissa graduated from Central in 1988, during its heyday, and went on to become the first in her family to graduate from college.

But on that sunlit day last October, as Dent searched for Melissa’s daughter in the procession coming into view, he saw little to remind him of that era. More caravan than parade, Central’s homecoming pageant consisted of a wobbly group of about 30 band members, some marching children from the nearby elementary schools, and a dozen or so cars with handwritten signs attached to their sides. The route began in the predominantly black West End and ended a few blocks later, just short of the railroad tracks that divide that community from the rest of the city.

The reason for the decline of Central’s homecoming parade is no secret. In 2000, another federal judge released Tuscaloosa City Schools from the court-ordered desegregation mandate that had governed it for a single generation. Central had successfully achieved integration, the district had argued—it could be trusted to manage that success going forward.

Freed from court oversight, Tuscaloosa’s schools have seemed to move backwards in time. The citywide integrated high school is gone, replaced by three smaller schools. Central retains the name of the old powerhouse, but nothing more. A struggling school serving the city’s poorest part of town, it is 99 percent black. D’Leisha, an honors student since middle school, has only marginal college prospects. Predominantly white neighborhoods adjacent to Central have been gerrymandered into the attendance zones of other, whiter schools.

New Prinicipal

via Segregation Now … – The Atlantic.

OCG Black History Note l “Mighty Times: The Children’s March”

“Mighty Times: The Children’s March”

“Mighty Times: The Children’s March” reveals a never-before-told chapter in the Civil Rights movement, focusing on more than 4,000 black schoolchildren who deserted classrooms in Birmingham, AL, on May 2, 1963, touching off a week of mass demonstrations and rioting that shocked the nation and rocked the world. On May 2, 1963, the children of Birmingham, AL, flooded the city’s streets — and the city’s jail — to challenge segregation. With dogs and fire hoses, police tried to stop them. Yet, in ways their parents could not, the children prevailed, defying the police intimidation that long had plagued Birmingham’s black community.

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