Our collaborative challenge aims to motivate and surface more innovations with the potential to address the devaluation of homes in Black majority neighborhoods by inviting action-takers to accelerate the most promising and impactful market and policy-based innovations
Our early research uncovered a wealth of motivated people and organizations, advancing racial equity in the housing market. Our map gives you an early look at the innovation landscape to see what initiatives are taking flight and who is flying them. For innovators, consider this a menu of inspiration and synergistic possibilities. For policy makers, see what is happening that you can learn from and attract to your municipality. We commend it to both communities as a resource.
Homes in Black majority neighborhoods
are undervalued by 23% on average
(-$48,000) compared to similar homes in
neighborhoods with few Black residents.
Cumulatively, this undervaluation
deprives homeowners in Black
neighborhoods of approximately $156
billion in equity1.
1. https://www.brookings.edu/articles/devaluation-of-assets-in-black-neighborhoods
Homes in Black majority neighborhoods are undervalued by 23% on average (-$48,000) compared to similar homes in neighborhoods with few Black residents. Read about some of the structural innovations that are helping to create a more equitable housing market.
Economic Architecture is partnering with the Brookings Institution to foster structural innovations with the potential to create a more equitable housing market that enables homeowners in Black-majority neighborhoods to realize the value of their assets.
Economic Architecture is launching the
Valuing Homes in Black Communities
challenge in Spring 2024, a multi-stage
initiative that starts by engaging with
innovators in communities proximate
the problem.
The second iteration of the Valuing
Homes in Black Communities challenge
will identify the most promising
market- and policy-based structural
innovations to address the devaluation of
homes in Black neighborhoods.
