Does Homeownership Reduce Wealth Disparities for Low-Income and Minority Households?

Abstract We use the U.S. Department of Housing and Urban Development’s Choice Voucher program as a setting to evaluate interaction homeownership race on wealth accumulation low-income households. Using within-treatment difference-in-differences framework, we establish that households receive assistance in owning home experience increased relative their tenure renters. These gains are not present among minority Our findings provide evidence is driver formation for does inherently reduce racial disparities wealth. (JEL G51, J15, R21).