The average home in a predominantly Black neighborhood is worth significantly less than a similar home in primarily white neighborhoods. Lynnette Khalfani Cox (also known as the “Money Coach”), best-selling writer and expert on equal housing rights, shares her tips for advocating fair appraisals.
Not everyone was equally benefited by the pandemic, particularly those living in Black and Brown communities. Khalfani Cox argues that communities of colour have been discriminated against in the housing sector for a long time, and that old policies still impact them today.
She tells Sonia Baghdady that “remnants” of discriminatory housing policies exist today. Advocate Now. “And it keeps a lot African-Americans away from the dream to own a home. Approximately, 45 percent African-Americans have their own home compared to 75 percent white Americans.
The Money Coach Lynnette Khalfani Cox
The ownership gap today is greater than in the 1960s during the segregation era.
Khalfani Cox explains, “We have a much bigger difference today than in 1960,” when housing discrimination had been legalized.