Do Housing Policies Make The Wealth Gap Worse?

California Community Builders (CCB) has reviewed federal and California state housing policies to see if they uphold their intent to provide affordable homeownership opportunities and rentals for all, including people of color and low-income populations. We discovered that most homeowner-related benefits and opportunities are heavily weighted towards white and higherincome people, as well as those who already own a home. Even with rental subsidies” especially in California”it is increasingly difficult for minorities, millennials, and students to find affordable housing.

Overall, these policies as they stand are sustaining and exacerbating the racial and generational wealth gap. Low-income families and people of color can receive help with rentals, but even that is insufficient in the current economic climate. Since homeownership is the primary avenue of wealth creation in the United States, current policies keep these populations at an economic disadvantage.