The American dream deferred: Unraveling the Black homeownership gap
In the tapestry of American life, homeownership has long been woven as a central thread of the American dream. Yet for Black families, this dream has remained frustratingly out of reach, with the homeownership gap between Black and white Americans a stark reminder of persistent inequalities. This disparity isn’t just about bricks and mortar; it’s about the very foundation of generational wealth and community stability.
Rezoning in Heber could help put homeownership in reach for more locals
The area median income (AMI) in Heber is about $115,000 for a family of three. But the median price for a detached single-family home, a little under $1 million, would require a family to earn almost $190,000 per year. And to afford the average home price, about $1.4 million, a family needs an income of more than double the current AMI.