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Written by La-Donna D. Lawrence | Stacker
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Homeownership plays a pivotal role in building intergenerational wealth and remains the single most effective way for many Americans to build wealth. Today, homeownership largely remains elusive in the Black community: Black homeownership has only grown by 0.4% over the last decade, according to the National Association of Realtors. To understand why, TD Bank examines the role of homeownership on Black wealth, its history, and the obstacles that have impeded its growth.