The housing crisis has affected millions of home owners throughout the US, representing the greatest loss of African American wealth in our time.  American history reflects a long standing legacy of discrimination towards people of color.  

The inequality towards the African community is peppered throughout our nations historical landscape.   
A new report called “Foreclosed: State of the Dream 2008”, shows that African-American households are being hit especially hard by the US housing crisis.  Dedrick Muhammad, of the Institute for Policy Studies and co-author of the report, details the financial impact on people of color.

The report published by United for a Fair Economy estimates that the total loss of wealth for people of color is expected to reach as high as $213 billion dollars.  The sub prime crisis has had a profound impact on the economic wealth of minorities across the nation, further widening the Racial Wealth Divide (RWD) between minorities and the middle class.