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Sen. Tim Scott, R-S.C., said Black homeownership rates have been almost static since the Fair Housing Act was signed in 1968. Data shows he’s spot-on.
Feb. 9 on his website, and added that the outcome was despite"trillions spent on numerous federal housing programs." In April, he introduced legislation calling for more congressional oversight of federal housing programs; rethinking how agencies collect and analyze data so policymakers can understand what’s working; and encouraging local communities to fix local housing problems.
We looked at statistics from the U.S. Census Bureau and other government agencies and found they show that Scott is spot-on about Black homeownership rates; they have barely budged since 1968. Scott’s spokesperson said the senator reached his conclusion using the same statistics that we did. On April 11, 1968, President Lyndon B. Johnson signed the Fair Housing Act, which prohibits housing discrimination based on race, color, national origin, sex, family status, religion or disability. Themakes it illegal to offer different terms or conditions for home sales, deny mortgages or refuse to negotiate. It was one in a series of laws that followed the 1964 Civil Rights Act and aimed to end discrimination against Blacks and other minorities. Two years after the law’s passage, in 1970, the census found that 42% of Black households owned their own homes. In 2022, that number was 44% and had risen 0.4% over 10 years, the National Association of Realtors, a trade group,By comparison, in 2022, white Americans had a 72.7% homeownership rate. The numbers represented the largest Black-white homeownership rate gap in a decade.
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