Our Mission
The
Housing Research & Advocacy Center's mission is to promote fair housing and diverse communities, and to work to eliminate housing
discrimination in Northeast Ohio by providing effective research, education and advocacy.
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Housing Center Finds Racial & Ethnic Disparities Continue in Ohio Mortgage Lending |
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African Americans and Hispanics/Latinos in Ohio were denied mortgage loans more often than whites in 2009 and, when they did obtain loans, were more likely to receive high-cost subprime loans than whites, according to a new report by the Cleveland-based Housing Research & Advocacy Center utilizing recently-released home mortgage lending data.
The racial disparities were so strong that upper income African Americans were denied loans at rates similar to those of low income whites. Statewide, upper income African Americans were denied refinance loans 43.30% of the time in 2009, compared to a 40.67% denial rate for low income whites. For home purchase loans, upper income African Americans were denied loans 20.67% of the time, compared to a 21.27% denial rate for low income whites.
To read the full press release, click here.
To access the full report, click here.
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