New Jersey Institute for Social Justice (May, 2022)
The New Jersey Institute for Social Justice released the report, Black Homeownership Matters: Expanding Access to Housing Wealth for Black New Jerseyans. The report examines the present-day barriers that limit access to and financial rewards from homeownership. These barriers include the racial wealth gap, limiting access to homeownership; high housing costs; higher home lending costs; and credit scoring systems. Even when Black New Jerseyans are able to overcome these obstacles and purchase homes, their homes are often undervalued due to ongoing segregation and are more vulnerable to foreclosure. Read more here.