May 10, 2022
NEWARK – The New Jersey Institute for Social Justice today released Black Homeownership Matters: Expanding Access to Housing Wealth for Black New Jerseyans, a report examining the barriers to Black homeownership – and the wealth benefits that come from it – faced by Black New Jerseyans. An Executive Summary of the report can be found here.
“Black New Jerseyans simply do not have the same access to owning homes as their white neighbors do,” said Nichole Nelson, Mellon/ACLS Public Fellow and Policy Analyst and the primary author of the report. “Even when Black households are able to own homes in New Jersey, they face substantial barriers to wealth-building and enjoy significantly fewer financial benefits from homeownership than their white peers.