INEQUITIES

di cult to prove.

Because many of the individuals served by the group were facing homelessness and unemployment, Arnold acknowledged that these factors could have played a role in their initial application rejections. However, when they conducted the blind application process with the same nancial information, the applications were approved. For Arnold, this con rmed race was a barrier.

“ e racism is just so out there,” he said. “It was easy to realize it.”

Arnold’s group did not le any complaints because their main priority was getting their clients housed, and they found a way to do that. Colorado Community Media reached out to Aurora Warms the Night to see if this is still a strategy but did not get a response.

But once a Black client successfully got on a lease, Arnold said even more challenges ensued if they were looking to someday own a home.

“How do we get them from renting into homeownership?” he said. “ ose barriers seem to be some of the biggest.”

For decades, homeownership rates for Black people have lagged far behind those for White people. Census data released last month shows just how wide that gap is. More than seven in 10 White Coloradans and a little more than half of Latino residents own their homes, according to the 2021 ve-year American Community Survey. Only 42% of Black Coloradans own their homes.

Although Latino homebuyers in Colorado face many of the same barriers as Black homebuyers, their rates of homeownership have grown in recent years. For Black Coloradans, on the other prove, in writing, that race was sometimes a factor in creating our communities. hand, the numbers have remained stubbornly low. ese trends hold across the metro area, with Adams, Je erson, Arapahoe and Douglas counties all showing higher rates of homeownership in White communities than in those of color. e reasons for this gap are myriad, but over time, Black Coloradans have generally had less opportunity to build home equity and wealth to pass from one generation to the next. ese barriers mean many metro Denver communities lack racial and ethnic diversity. rough training and other measures, many are now trying to reverse this situation and improve access to housing for all.

Accessibility to housing isn’t only an issue of race. It’s an issue of income, as well. Many Coloradans simply can’t a ord to apply for a home, and some of them are rede ning their idea of the American dream as a result. Reporter Christy Steadman digs into this issue. When affordability, accessibility and fairness play a role, families are shifting away from the old dream in which people started a family and bought a home.

When rising home prices and in ation makes that next to impossible for many Coloradans, the American dream may shift from the idea that owning a home is the true measure of success. Still, across generations, many hold out hopes for homeownership.

Statistics, data and experts may have great information on how the market works, but it’s the people living through the crisis who matter the most.

To read all the parts of our Long Way Home series, visit https://coloradocommunitymedia. com/longwayhome/index.html.

A denied opportunity to build generational wealth

In 2021, eo E.J. Wilson and his wife started looking to buy a home in Aurora. Wilson is a Black college lecturer and non ction television host.

Like many Coloradans regardless of color, Wilson and his wife did not have enough money for a down payment in today’s expensive housing market, even though they both make a good living. In Arapahoe County, the median sale price of a single-family home increased by $180,000 over the past ve years, according to the Colorado Association of Realtors. In other metro Denver areas, the numbers have skyrocketed even more drastically.

While many White Americans may have bene ted from the e orts of their ancestors, particularly through inheritances, Wilson says many Black people, including him, were denied that possibility. In his eyes, that’s part of why homeownership has been so elusive.

“In what some of my elders have called the ‘illusion of inclusion,’ income is used as a metric to say that things are getting better for Black people,” Wilson said.

Contributors to theproject include:

But, he pointed out, income is di erent from wealth. For generations, “White America was building wealth, assets and the skill set and personnel to manage that wealth,” he said.

Wilson’s older family members, on the other hand, were not o ered the same opportunities, he said.

Wilson’s grandfather was in the Army Air Forces during World War II, a Tuskegee airman, one of a pioneering group of Black military aviators. When he returned to New York City after the war, he did not receive federally backed home loans like his White counterparts did.

“ ey basically shoveled these White vets from World War II into programs that gave them college money and programs that gave them homes in the