Covid 19 Pandemic
Covid exposed inequalty in many areas including the certain industries being more vulnerable, quality of access to healthcare, and inconsistent application of unemployment benefits with people of color being impacted by job loss as a result of low wage industries and illness exposure due to familial structures/multi-generational living arrangements.
Women were also impacted as they often bear the primary responsibilities for caring for children and dependents. When schools shut down, women also took on the role of homeschooling.
As a result of historic low mortgage interest rates that the Federal Reserve implemented to stimulate the economy, there was a purchase and refinance boom. However, as a result of disparate pandemic related economic conditions, lower income earners and people of color were unable to participate. This was a major loss of opportunity for affordable mortgages and first time homeownership.