Browsing: more money is needed to purchase a home. Providers of conventional home loans denied Black applicants three times more than white applicants. The report found that “unfavorable debt-to-income ratio

     The rate of Black homeownership in America has never reached 50%, a level other racial and ethnic groups hit in years past. The closest the Black community has ever come to it was in early 2004 when it hit 49.7%. It has been rapidly declining in the nearly 20 years since, hitting its lowest point in early 2019 at 40.6%.