“Black Wealth Intiative Program “”Own It: Building Black Wealth”” Launches To Create Homeowership for Black Families in Madison”

The racial disparities in accumulated household wealth in the United States are staggering. In 2019, preceding the COVID-19 pandemic, the median white household held $188,200 in wealth — almost 8 times that of the typical African-American household, which was $24,100. The disparity in these numbers through the years, unfortunately, has been increasing rather than decreasing.

Those concerning numbers can be attributed to many different factors, but a huge factor is that the racial wealth gap in real estate is growing. Real estate is and has been a giant avenue for the accumulation of money which gets passed down from generation to generation.

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