The homeownership gap : how the post-world War II GI bill shaped modern day homeownership patterns for black and white Americans
Name
276173994-MIT.pdf
Description
Full printable version
Size
4.36 MB
Format
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Checksum (MD5)
373aa8258a51825a0f8900bf4f8c6431
Author(s)
McKenna, Cyd
Advisor(s)
J. Phil Thompson.
Alternative Title
How the post-world War II GI bill shaped modern day homeownership patterns for black and white Americans
Date Issued
2008
Publisher
Massachusetts Institute of Technology
Abstract
Servicemen's Readjustment Act of 1944, commonly known as the GI Bill, was a transformative piece of legislation signed by President Roosevelt intended to help WWII Veterans transition successfully from soldier to citizen. Often dubbed the magic carpet to the middle class, provisions of the bill granted eligible veterans free college tuition, job training and placement, generous unemployment benefits and a low interest, no money down loan for a home or business. The effects of this bill were widespread; it touched eight out of ten men born in the 1920's. Much is known of impact GI Bill benefits had on white veterans, but less is known of how black veterans, who accounted for one in thirteen WWII Veterans, were able to use them. This paper examines barriers black veterans faced to access and use the housing benefit, and examines the possible intergenerational impacts such barriers had on the wealth and homeownership status of African Americans today.
Description
Thesis (M.C.P.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2008.
Includes bibliographical references (leaves 88-90).
Subjects
Urban Studies and Planning.
MIT Department
Massachusetts Institute of Technology. Department of Urban Studies and Planning
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