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May 12, 2021 2:59 pm On average, Black households have about 23 percent of the wealth of a typical white household, down from 34.6 percent before the Great Recession, according to a new analysis by Zillow, an online real estate marketplace. Homeownership rates account for about 40 percent of that gap.  “Numerous studies demonstrate that there’s a wealth gap between households of people of color and white households,” said Maureen Flynn, deputy director of Boston Home Center, a city government agency. “The main difference between these groups is homeownership because that’s where most people accumulate their wealth.” Homeownership and wealth are intricately tied together, said Flynn, which is why one of Acting Mayor Janey’s biggest priorities is to increase homeownership rates in the city. 

United statesUnited kingdomNew hampshireMaureen flynnTreh manhertzDenise matthews turnerKaren rebazaVida urbanaMassachusetts affordable housing allianceBoston home centerDepartment of neighborhood developmentGreat recessionActing mayor janeyNeighborhood developmentBoston homeஒன்றுபட்டது மாநிலங்களில்