Homeownership is the way many families build economic security. Yet for decades, white households bought homes and generated wealth supported by public policies and private actions that excluded Black households from buying homes.

Homes for Equity is being designed to redress systemic historic and ongoing housing discrimination. The goal of HFE is to close the racial wealth gap and to build inter-generational wealth for people of color.

HFE will leverage the section of the federal Fair Housing Act that establishes an obligation to redress or reverse conditions of housing discrimination. 

The Homes for Equity pilot will focus on two areas that are key to restorative homeownership:

1. More explicit race-conscious marketing and home buyer selection
2. Changes to affordable housing financing policies to allow greater wealth-building among today’s buyers of color