Criteria for a Targeted Down Payment Assistance Program

According to the 2019 American Community Survey, homeownership among Black families is 30 percentage points below that of white families—a larger gap than existed in 1968 when the Fair Housing Act was passed. The disparity in homeownership rates is a large driver of the enormous racial wealth gap, with the median Black family having 13 cents in net worth for every dollar of net worth held by the median white family.