![]() ![]() In January 1865, during the last months of the Civil War, the Union army implemented Field Order 15, confiscating a strip of coastline stretching along the "rice coast" from Charleston, S.C., to the St. Black Lands Matter: Preserving Heirs' Property As community leaders, advocates for homeownership, and protectors of property rights, REALTORS® are engaged in efforts to reckon with the past and build a more equitable future. With awareness of this history growing, cities and states are exploring ways to repair past harm and protect against future loss. Industry efforts are curtailing present-day discrimination, but they don't reverse the effects of historic practices that denied Blacks homeownership, destroyed Black wealth, and prevented the transfer of wealth through generations. While the 1968 Fair Housing Act outlawed discrimination, it provided little remedy for the decades of harm that preceded it. There is a clear line from the overtly racist policies of the past to today's inequities. Black Americans own one-tenth the wealth of white Americans, despite earning, on average, about 60% of white Americans' income. More than a half-century after passage of the federal Fair Housing Act, there remains a 30-percentage-point homeownership gap between white and Black Americans-the same as in 1968, the year the act was adopted. But it has not been accessible to all Americans on equal terms. Homeownership is the largest single contributor to intergenerational wealth for American families. has authorized a restorative housing grants program for Black residents who show they have suffered discrimination in housing due to city policy, or are direct descendants of those who Todd Winters MAKING IT RIGHT: Evanston, Ill., REALTOR® Mary Rosinski believes the industry must make amends for "a system that prevented fellow human beings from enjoying all the benefits of real estate." city to call for repair of the harms resulting from slavery, Jim Crow laws, and twentieth-century city policies that destroyed Black-owned homes and businesses. In July 2020 Asheville, N.C., became the first Southern U.S. Local efforts to make reparations to Black Americans are growing.Predatory practices have pushed Black Americans off of millions of acres of such land. More than 60% of Black-owned land nationwide is estimated to be “heirs’ property,” meaning owners lack clear title even if families have lived there for generations.While it outlawed discrimination, the act provided little remedy for the harm that preceded it. More than 50 years after the passage of the federal Fair Housing Act, there remains a 30-percentage-point homeownership gap between white and Black Americans-the same as in 1968, the year the historic law was adopted.
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