Community Progress Calls on FHA to Improve Access to Rehab Mortgages
Center for Community Progress
MAY 25, 2023
In 2018, only 5 percent of the conventional mortgage market were loans to Black borrowers, compared to 15 percent of the FHA/VA market, which are government-mandated to serve underserved borrowers. Due to systemic inequities and discrimination in the housing market, homeownership is the primary contributor to the racial wealth gap.
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