Update-Analysis of Realtor Data: In Blumenauer District, Rate of African American Home Purchase Loans Far Less than Rate of African Americans Getting Rent Help from Home Forward.

Update:  I suppose a simpler short hand way to look at this is that:

• Home Forward is helping 20% of African Americans in Multnomah County (and likely more in this district)
• While all lenders combined are helping 30% of African American households in this district

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Realtors have put up map site HERE allowing pull down of select home ownership information by Congressional District.

Interestingly, the PDF HERE for Congressman Earl Blumenauer, which includes the east side of Portland and Multnomah County:

• Shows a total of 94 home purchase loans to African Americans in 2010 and a 30% home ownership rate for African Americans in this district. .
• While the 2010 ACS estimate HERE for African American households in this district is 16,059.
• That means that home purchase loans went to 5.9 out of all 1,000 African American households in this district in 2010. [94/16,059=.59% x 1,000=5.9 per 1,000].
• If we use the lesser share of only current African American renter households in the district (70%) this would mean that there were 11,241 [16,059 x 70%=11,241] potential African American renter households who could get home purchase loans. This conservative estimate would increase the rate of 2010 home purchase loans to 8.4 loans per 1,000 African American renter households in this district. [94/11,241=.84% x 1,000=8.4 per 1,000].

Home Forward Rate of Housing Assistance Was 24-24 Times The Rate of Home Purchase Loans to African Americans in this District
As a frame of reference, recall that the recent Oregonian Locked Out series indicated that Home Forward rental housing programs helped one in five ( I.E. a rate of 200 out of 1,000) African American households in Multnomah county. That's a rate of assistance 24 to 34 times the rate of home purchase loans to African Americans in this district in 2010.[200/ 5.0=34 X; 200/8.4=24 X].

Originally created and posted on the Oregon Housing Blog.