In 2020, the homeownership rate for Black households in Harris County had fallen to 36 percent from 41 percent a decade prior, according to Rice University’s Kinder Institute for Urban Research.

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In 2020, the homeownership rate for Black households in Harris County had fallen to 36 percent from 41 percent a decade prior, according to Rice University’s Kinder Institute for Urban Research.
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Harris County housing groups to use $7.5 million to help 5,000 minority renters become homeowners

On HoustonChronicle.com:The collaborative plans to use the money to support ways to reduce construction costs, such as offering manufactured or modular homes, which can be largely assembled in a warehouse before being installed onsite, and increasing access to affordable mortgage products.

The donation makes Houston one of the first eight markets where the Wells Fargo Foundation is rolling out what is calling its Wealth Opportunity Restored Through Homeownership, or WORTH, initiative, which will ultimately invest $60 millionacross the nation.

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