June is National Homeownership Month - and some North Carolina credit unions and banks say they're working to reduce the racial wealth gap by offering programs to help low-income residents, especially residents of color, purchase their first home. Tucker Bartlett - executive vice president of the Self-Help Credit Union - said homeownership rates among Black North Carolinans has hovered at around 47%, compared with 75% for white households. He said Self-Help has implemented credit-building and savings programs and offered financial coaching to help reduce barriers and shrink homeownership gaps. ...
