Probably worth digging into deeper.
During the postwar era, when the government actively worked to increase homeownership, loan programs like the FHA and the GI Bill were of much less use to Blacks. Banks wouldn’t work with them, and Blacks were banned by covenants from living in neighborhoods with the most affordable new homes. The intergenerational wealth lost to Black families who were kept from buying homes during the postwar housing boom was the foundation for the vast wealth gap between white and Black families today. 33 — Mediocre, pg 130