Home ownership numbers significantly lower in Bay Area
Hmm, didn't realize the Bush government was doing anything useful domestically since it is so busy playing cowboy elsewhere in the world, but according to this San Francisco Chroncile story, Fannie Mae is putting in some $35B into the San Francisco Bay Area and counties such as Santa Cruz via affordable housing programs.
At the heart of the nationwide initiative is the Bush administration's goal of shrinking the homeownership gap for minorities. Nationally, the homeownership rate among white households is 74.2 percent, compared with 48.5 percent for minority households, according to census data.
In the San Francisco metropolitan area, which includes San Francisco, Marin and San Mateo counties, the homeownership rate among whites is 51.4 percent. It is 33.5 percent for blacks, 52.6 percent for Asians, 34.1 percent for Latinos, 28.8 percent for American Indians/Alaska natives and 35.8 percent for native Hawaiians or other Pacific Islanders.