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 says communities of color are still discriminated against in the housing market.
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. About 45 percent of African-Americans are homeowners, compared to about 75 percent for white Americans.
The Money Coach Lynnette Khalfani Cox
The ownership gap today is greater than in the 1960s during the segregation era.
Khalfani Cox says, “That is a greater difference than what we had in 1960 when housing discrimination was legal. Back then, there was only 27…