Nearly $6M Earmarked Toward Reducing Racial Home Ownership Disparities In Minneapolis

By Reg Chapman, CBS Minnesota

August 4, 2023

MINNEAPOLIS -- Minneapolis Mayor Jacob Frey on Thursday announced an investment of nearly $6 million to address racial disparities in home ownership.

The gap between the number of White and Black homeowners in Minneapolis is one of the highest in the country. In 1968, Black homeownership in Minneapolis was 25%. This year, according to APM research lab, the percentage of Black residents who own their home sits below 20%. To compare, White homeownership in Minneapolis is 77%.

Frey announced the investment as part of a program that helps eliminate disparities so homeownership is a reality for all.

Click here to read the full story from CBS Minnesota

CBS Local Digital Media personalizes the global reach of CBS-owned and operated television and radio stations with a local perspective.