Local real estate agent helps to close a gap in black homeownership

Eric Hellon News

Local real estate agent helps to close a gap in black homeownership
Close The GapHomeownershipReal Estate Agent
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Moses Small joined ABC 10News as a Multimedia Journalist in 2022. He was born in Birmingham, Ala. and raised in Portland, Maine. He's elated to spend time here and learn more about the community.

SAN DIEGO — When it comes to housing, 'America's Finest City' faces a tough reality: If you're black in San Diego , your family may not own your home.That's according to a report from San Diego County, which shows that white San Diegans are almost twice as likely to be homeowners.'The biggest thing is there's no generational wealth passed down,' said Eric Hellon , a local real estate agent .

'And is that bank discriminating against you and holding you at a higher standard than some of their other white applicants, compared to some of their black applicants?'The Fair Housing Act of 1968 made it illegal to deny home sales based on race.However, a 2021 report from San Diego's NAACP branch found black home buyers were still getting rejected for home loans more often than white and Asian buyers with similar incomes.

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Close The Gap Homeownership Real Estate Agent Realtor San Diego

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