Homeownership has long been viewed as a pathway to building long-term wealth, yet in Philadelphia, Black homeownership is declining. In 2019, less than half, or 47 percent, of Black residents owned homes in the city — a significant decline from 57 percent 30 years ago, according to research by the Federal Reserve Bank of Philadelphia. Experts agree: Collaborative solutions are needed to address the increasing Black-White homeownership gap in Philadelphia.
You are invited to join the Federal Reserve Bank of Philadelphia and The Pew Charitable Trusts for a discussion on what is needed to support the immediate needs of aspiring Black homeowners while also addressing the racial and structural barriers that persist in the housing market.
During this event, you will learn about the latest research from housing experts and ideas about policies and programs that could help increase equity from housing advocates and state and local leaders.
- James Crowder, Senior Associate of Local Policy Advocacy and Reform, Annie E. Casey Foundation
- Lei Ding, Senior Community Development Economic Advisor, Federal Reserve Bank of Philadelphia
- Octavia Howell, Manager, The Pew Charitable Trusts’ Philadelphia Research and Policy Initiative
- Cherelle Parker, Councilmember, City of Philadelphia
- Nikil Saval, Senator, First District, Pennsylvania State Senate
- Robin Wiessmann, Executive Director and CEO, Pennsylvania State Housing Finance Agency
Date and Time: Wednesday, March 23, 10:00–11:30 AM
Read the Philadelphia Fed’s most recent report What’s Behind the Racial Homeownership Gap in Philadelphia? and The Pew Charitable Trusts’ report The State of Housing Affordability in Philadelphia.