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Report: In Boston, Black homeownership rate nearly half of white

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. ....

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Monticello Changes Post Time | Standardbred Canada

Monticello Raceway has revised its post time for racing from March through October.
Racing will now begin at Monticello with a 12:10 p.m. (EST) post time on all live race days.
Longtime Monticello Raceway Simulcast Director Maureen Flynn said that “Normally, our Spring–Summer Schedule post time was 12:50. We have made adjustments to our post time to better situate ourselves during the afternoon, where it is laden with racing product, once all the tracks come on line in the near future.”
(Monticello Raceway) ....

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Boston to launch new program to break down home buying barriers

Jon Gorey - Globe Correspondent
January 27, 2021 4:00 pm
With median home prices in Boston climbing for eight straight years, it’s hard enough for any buyer to purchase a home in the city. But for home buyers of color and new immigrants, it’s even more daunting.
Racist redlining practices of the 20th century shut out Black families from much of the housing market for decades, denying them the chance at building housing wealth that can compound over the generations. Meanwhile, discrimination reportedly persists in the mortgage industry, where Black applicants are more likely to be denied a loan or charged a higher interest rate, and some appraisers undervalue Black-owned homes. ....

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