Racial Equity Accelerator for Homeownership, a collaboration between Urban Institute and Federal Home Loan Bank (FHLB) of San Francisco, on Monday released a report that examines how the adoption of alternative data can benefit Black households within the mortgage lending landscape.

The report found a 30-percentage point gap in homeownership between Black and white households in the U.S., which is wider than it was in 1960, before the Fair Housing Act was passed and while race-based housing discrimination was still legal. The report found that Black household homeownership rates are now below rates for all racial and ethnic groups since details ⇒

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