Why the homeownership gap between White and Black Americans is larger today than it was over 50 years ago

In 1968, the Fair Housing Act was passed, making it illegal for anyone to be discriminated against when renting or buying a home. Prior to the passing of this civil rights legislation, Black families were locked out of the opportunity to create generational wealth by purchasing a home and passing it down to their kids, McCargo explains, because they were denied mortgage loans and access to certain neighborhoods because of their skin color.