"The Devaluation of Assets in Black Neighborhoods" A Brooking Institution study

Special guest, Grammy award-winning recording artist and now president of the California Black Chamber of Commerce Jay King and I take your calls live to discuss the study and how it seeks to understand how much money majority-black communities are losing in the housing market stemming from racial bias, finding that owner-occupied homes in black neighborhoods are undervalued by $48,000 per home on average, amounting to $156 billion in cumulative losses. Mr. King also shares his community investment fund project and its impact in changing racial bias.

(14:08) Jay King Interview

Get the full report here: https://brook.gs/33w6njn

Watch the CNBC video between Ali Velshi and report author Andre Perry here: https://www.youtube.com/watch?v=pJxXYpmfjwA

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