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City of San Leandro 2023-2031 Housing Element Update 2-32 Due to historical practices of segregation, redlining, displacement, and other discriminatory practices, accumulating wealth through homeownership has been difficult for non-white households. Data presented in Figure 2.10 shows that non-Hispanic white households in San Leandro comprised approximately 39 percent of the city’s households but comprised 45 percent of the primary-residence wealth (percent of homeownership market for primary residences). Similarly, Asian-American households comprised approximately 29 percent of households but comprised 34 percent of primary-residence wealth. In contrast, Black/African-American Households comprised 10 percent of households but were only 3 percent of primary-residence wealth, and Hispanic/Latino households comprised 16 percent of total households compared to 10 percent of the share of primary-residence wealth.11 Figure 2.10 Homeownership Distribution by Race/Ethnicity in San Leandro Source: Urban Institute, Tracking Homeownership Wealth Gaps, 2021. A comparison of homeownership-wealth gap for San Leandro and neighboring cities is presented in Table 2.30. The value in parenthesis is the difference between the share of primary-residence wealth and the share of household population for each race/ethnicity. A negative value depicts a smaller percentage of primary-residence wealth relative to the share of the household population, while a positive value represents a larger share of primary-residence wealth relative to the share of household population. Black/African-American, Hispanic/Latino, and “other non-white” households hold less primary-residence wealth relative to their share of households in each jurisdiction. Meanwhile, Asian-American and non-Hispanic white households hold more primary-residence wealth relative to their share of households. San Leandro’s share of primary residence wealth relative to share of household population for race/ethnicity did not vary widely in comparison jurisdictions. However, San Leandro had a lower primary residence wealth for Black/African American households relative to household population than the cities of Hayward and Union City, and a lower primary residence wealth for Hispanic/Latino households relative to household population than Union City. 11 Urban Institute, 2021. Available: https://apps.urban.org/features/tracking-housing-wealth-equity/ 28.9% 10.3% 16.3% 39.4% 5.1% 36.4% 3.4% 10.4% 45.8% 4.0% 0% 10% 20% 30% 40% 50% Asian-American African-American Hispanic/Latino non-Hispanic White Other Distribution of Household Population Distribution of Primary-Residence Wealth