AI reveals racial disparities in NYC homeownership
Summary
The analysis was made possible through a collaboration between analytics powerhouse SAS and the Center for NYC Neighborhoods, one of the largest non-profits committed to protecting affordable homeownership for low- and moderate-income families. The work is central to the Black Homeownership Project, an initiative from the Center for NYC Neighborhoods, which is helping advocate for policies that break down these barriers and close the racial wealth gap. From just seeing my peers and my peers’ parents and what they went through, I knew the only option for me was to leave.” To further explore disparities in homeownership, the Center will be able to use SAS models and visual analytics dashboards to develop and implement targeted programmes to help increase Black homeownership and address key challenges Black homeowners face, including more foreclosures, more tax liens and higher unemployment rates than their non-Black counterparts. This project is occurring at a critical time, as the COVID-19 pandemic continues to disproportionally affect Black communities and as anti-racist protests gain international attention. “Our collaboration with SAS demonstrates the power of analytics to unearth trends that can be used to empower Black communities at a time of urgent discourse around systemic racism,” Christie Peale, CEO/Executive Director of the Center for NYC Neighborhoods.
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