JPMorgan Chase CEO discusses efforts to boost minority homeownership

JPMorgan Chase announces long-term initiatives to advance racial equity. (AP Photo/Mark Lennihan, File)

According to the National Association of Realtors, the homeownership rate has climbed amid the COVID-19 pandemic.

In 2020, the overall homeownership rate increased to 65%, which is the largest annual increase.

But despite the homeownership increase, there’s a huge homeownership gap for Black Americans.