Economic Architecture is partnering with the 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 the 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.
Economic Architecture is launching the
Valuing Homes in Black Communities
challenge in Spring 2024, a multi-stage
initiative that starts by engaging with
innovators in communities proximate
the problem.
The second iteration of the Valuing
Homes in Black Communities challenge
will identify the most promising
market- and policy-based structural
innovations to address the devaluation of
homes in Black neighborhoods.
