Mortgage Connects
Bridging the Racial Disparity in Wealth Creation in Milwaukee – a case study
Do homes in neighborhoods with a higher percentage of homeownership experience greater wealth creation over time? How detrimental to housing values are foreclosures, especially when they begin to cluster in a single neighborhood? We now have insight into how to think about these questions, and many others, thanks to recently completed research.
A team featuring University of Wisconsin-Milwaukee faculty researchers in economics, criminal justice and computer science spent more than a year conducting the research before releasing a report titled "Bridging the Racial Disparity in Wealth Creation in Milwaukee." The research was commissioned by MGIC with the hope that it might contribute to advancing Milwaukee's Collective Affordable Housing Strategy Plan and add to the broader national discussion centered on equitable homeownership.
A tool for targeting outcomes, measuring success
The research lays the foundation for developing a tool that triple bottom line investors and policymakers can use to target social outcomes. Download our case study to glean eye-opening insights from the report.
Take a look at other ways you can join us to help underserved populations build wealth through sustainable, affordable homeownership.