Thousands of Black homeowners have lost their homes in New York City over the past decade, and that number could increase if the economic consequences of the Coronavirus pandemic are multiplied. The Center for NYC Neighborhoods is developing transformative pilot programs to address the loss of Black homeownership in New York City, as well as to identify and promote existing organizations and resources.
The number of Black homeowner households in New York City has declined over the past 20 years. Unsustainable and sometimes predatory mortgage practices in the early 2000s gave way to the foreclosure c