Homeownership
WORTH Grant WELLS FARGO FOUNDATION MOVES SAN DIEGO FORWARD
Arnulfo Manriquez , Mike Santomassimo , Gustavo Bidart and Al Abdallah
San Diego Mayor Todd Gloria and Council President pro Tem Monica Montgomery Steppe recently joined nonprofit and civic organizations to launch an expanded effort to help more people of color in the San Diego region become homeowners . Supported by a $ 7.5 million grant from the Wells Fargo Foundation , the grant was awarded to the San Diego Housing Commission ( SDHC ), part of
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Mike Santomassimo and Mayor Todd Gloria the San Diego Homeownership Equity Collaborative .
Homeownership rates for many households of color are significantly lower than other racial groups . For example , an SDHC-commissioned Urban Institute study of City of San Diego households identified homeownership rates of 29.1 % among Black households and 35.2 % among Latino households , compared with 54.8 % among white households .