Owning a home, a crucial stepping stone to wealth that can be passed down over generations, is becoming further out of reach for Black families in the Bay Area.
Since pulling herself out of homelessness a decade ago, Nadia Johnson has worked tirelessly to achieve what no one else in her family has accomplished: owning a home in the Bay Area.
The couple has been saving to buy a house of their own in the working-class community known for its sprawling Phillips 66 oil refinery. But their modest incomes make it nearly impossible to qualify for a mortgage, even in one of the more affordable parts of the increasingly unaffordable Bay Area. Buying a home, a crucial stepping stone to wealth that can be passed down over generations, has long been a struggle for Black families like Johnson’s, who are left to cope with the lasting impacts of the Bay Area’s historic housing discrimination — including racist lending practices and property agreements. But as local real estate prices have soared over the past two decades, homeownership has gotten even more out of reach for many Black residents, furthering deep-rooted economic disparities.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
49ers bid for Bay Area to host 2026 Super BowlThe 49ers want another run at hosting the Super Bowl less than a decade after bringing the championship game to Santa Clara.
Leer más »
Bay Area police union leader allegedly smuggled fentanyl into US to sell in bulkThe head of a San Francisco Bay Area police union faces federal charges for allegedly smuggling thousands of synthetic opioids into the U.S. from multiple countries with the intent to distribute them.
Leer más »
Darrion Trammell's Bay Area family and friends proud of Final Four runAlthough most people on the national stage view Trammell as an underdog, those who know him best in Marin City were always confident in his ability.
Leer más »
Bay Area crab and salmon fishermen hit hardCalifornia is cutting short the already delayed commercial crab season to April 15 south of Mendocino County to protect humpback whales from becoming entangled in crab potlines. This blow to fishermen comes just after learning there will be no salmon season this year.
Leer más »
2 Car Break-ins in the Same Day for Couple Visiting the Bay AreaA couple visiting the Bay Area had two different cars broken into in the same area in the same day.
Leer más »