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New Initiative Helps Black San Diegans Buy First Home

Real estate signs advertise the sale of three houses in a row in Encinitas in San Diego County, July 13, 2006.
Associated Press
Real estate signs advertise the sale of three houses in a row in Encinitas in San Diego County, July 13, 2006.

The San Diego Black Homebuyers Program was recently launched in an effort to close the racial wealth gap caused by the historic denial of homeownership for African Americans.

RELATED: Black Americans And The Racist Architecture Of Homeownership

The San Diego Foundation, LISC San Diego and The Urban League have teamed up to provide Black homebuyers financial assistance in purchasing their first home with a $1 million grant from the Black Community Investment Fund. The nonprofits hope the seed money will lead to additional contributions to the program.

RELATED: Does Your Home Have A Racially Restrictive Covenant? Share Your Story With KPBS

Pamela Gray Payton, who is chief impact and partnerships officer of the San Diego Foundation, joined Midday Edition Tuesday to talk about the program and its future in San Diego.

Here's that interview:

Three San Diego nonprofits have launched California’s first grant-based homebuying assistance program specifically for Black people.