Economic Architecture is partnering with Dr. Andre Perry and the Brookings Institution to foster structural innovations with the potential to create a more equitable housing market.
Homes in Black majority neighborhoods
are undervalued by 23% on average
(-$48,000) compared to similar homes in
neighborhoods with few Black residents.
Cumulatively, this undervaluation
deprives homeowners in Black
neighborhoods of approximately $156
billion in equity1.
1 https://www.brookings.edu/articles/devaluation-of-assets-in-black-neighborhoods
Economic Architecture is partnering with Dr. Andre Perry and the Brookings Institution to foster structural innovations with the potential to create a more equitable housing market that enables homeowners in Black-majority neighborhoods to realize the value of their assets.
The 2024 Valuing Homes in Black
Communities collaborative challenge,
announced in June and opening
fall 2024, is a multi-stage initiative
that engages with innovators in
communities proximate to the
problem.
The second iteration of the challenge will
identify the most promising market-
and policy-based structural innovations
to address the devaluation of homes
in Black-majority neighborhoods.
