With the close of Black History Month, we’re reminded of the ongoing importance of addressing racial disparities, particularly in homeownership. As highlighted by the U.S. Department of Housing and Urban Development, homeownership remains a significant factor in the wealth gap. President and CEO Kwofi Reed’s words from two years ago resonate strongly today: San Diego Habitat for Humanity plays a vital role in bridging these gaps, providing opportunities for homeownership that contribute to greater equity in our neighborhoods.
The benefits of homeownership are clear — from economic stability to improved education and health outcomes. However, historical policies have systematically excluded communities of color from accessing these benefits. Despite progress, disparities persist, with Black and Latinx families lagging behind their White and Asian counterparts in homeownership rates. At San Diego Habitat, we’re proud that approximately 70 percent of our homebuyers are households of color. Yet, we recognize that good intentions alone are not enough. We must continue advocating for fair housing policies and increased access to affordable homeownership. By working together, we can build a more equitable community where every family has the opportunity to thrive.
