Mahogany Keys:  Homeownership for people of color in Indy

Affordable housing remains a complex challenge across the nation, especially in Indianapolis, where rising property costs and systemic inequalities make homeownership for people of color difficult. According to the Fair Housing Center of Central Indiana, Black homeownership in Marion County sits at around 39%, significantly below the 67% rate for white residents. This disparity reflects historical barriers. as well as ongoing challenges in the lending industry, which has often overlooked the unique needs of minority buyers. Organizations like the Indianapolis Neighborhood Housing Partnership (INHP) and Intend Indiana are working to address these challenges by providing resources and educational programs for first-time homebuyers, with a focus on minority residents. These programs bridge information gaps, helping individuals understand complex financial options and navigate the competitive housing market. James A., 35, of Indianapolis, a recent graduate of INHP’s homebuyer education program, found his experience transformative. He credits the program with helping him understand critical aspects of the housing market, like securing favorable loan rates and discovering grants. “Seek out people who can help you,” James told the Indianapolis Recorder. “It can get tough trying to buy a home, but we don’t know what we don’t know. You don’t have to do it all...