Largest lenders deny home loans for Black applicants up to three times more often than whites

Watch President/CEO Floyd R. Davis, Jr. speak in WCNC's Where's the Money report.
March 29, 2022
In The News

According to WCNC's Where's the Money report: 

Of the more than 153,000 Charlotte-area home loans originated in 2018 and 2019 where a person's race is listed, federal data show only roughly 20,000, or 13%, went to Black men and women; a group that makes up almost a quarter of the region's population. Marketwide, the data reveal home loan disparities spanning every income bracket.

"What that tells me is nothing has changed," Community Link president and CEO Floyd Davis, Jr. said. "Nothing has changed."

Davis runs an organization that helps people successfully buy homes "by offering financial empowerment programs and helping clean up their credit. He marched for civil rights in the 1960s and is still pushing for equity today.

"It's very difficult for a person like myself in some respects to understand and still tolerate where we are today, but I have to step back and say, 'Floyd, what can you do about it?' and that's why I do the work I do," he said.

Watch the video to learn more, and how Community Link, along with other housing organizations, can help.

Watch Floyd R. Davis, Jr. speak to WCNC as part of an in-depth report on racial inequality in home mortgages and home equity loans

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