From NBC 7 San Diego:
Homeownership is often seen as a step towards laying down roots in a community and building generational wealth, and groups in San Diego are working to increase access to homeownership for Black families.
An Urban League Study reports 29% of Black San Diegans are homeowners, compared to 35% of Latinos, 54% of Asians and 54% of white in the same city.
“There is an enormous racial wealth gap that we are hoping to close here in San Diego specifically focusing right now on Black San Diegans and one way to accomplish that is through home ownership,” San Diego Foundation Vice President Pamela Gray Payton said.
San Diego Foundation is leading an effort with partners to increase homeownership in the Black Community.
Through the foundation's Black Community Investment Fund, they are helping first-time homebuyers attain approximately $40,000 in grants towards the purchase of a house.
The San Diego Housing Commission announced on Jan 30. a $184,000 grant awarded to SDHC affiliates to support homeownership programs for people of color.
The San Diego Foundation said they will continue their efforts until the homeownership gap is closed.
Read NBC 7 San Diego's article "San Diego Leaders and Organizations Working to Boost Black Homeownership," featuring the San Diego Housing Commission.