John Taylor
President & Founder
National Community Reinvestment Coalition
Twitter: @ncrc
The best way to rise from poverty into the middle class is to acquire a home. But this has proven to be extremely challenging since the Great Recession of 2008, even for people with good credit and incomes to cover loan payments. For African Americans, home ownership is at a 40-year low.
Historically, mortgage loans for home purchases have contributed immensely to wealth-building for African Americans. Those days, though, are vanishing, and little progress is being made in the fight to protect all Americans from risk and discrimination.