The San Diego Housing Commission Thursday began a pilot program to assist middle-income Black, Indigenous and people of color first-time homebuyers.
Homeownership rates for many households of color are significantly lower than other racial groups. An SDHC-commissioned Urban Institute study of city of San Diego households found homeownership rates of 29.1% among Black households and 35.2% among Latino households, compared with 54.8% among white households.
The new pilot program is supported by a $7.5 million Wealth Opportunities Realized Through Homeownership grant from the Wells Fargo Foundation and a $184,000 grant from the National Fair Housing Alliance.Sign up for NBC San Diego newsletters.
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