Closing the homeownership gap won't happen overnight. But working to preserve affordable housing and collaborating with partners can make a difference, said Susan M. Ifill, executive vice president and chief operating officer for NeighborWorks America. Ifill spoke on a panel, Narrowing the Homeownership Gap, in December, alongside leaders from Fifth Third Bank at the Black and Latino Summit, which the National Minority Community Investment Co-operative hosted.

"We must, as a country, keep the pathways of property ownership and homeownership open," NeighborWorks President and CEO Marietta Rodriguez said during a panel at the National Fair Housing Alliance's 2020 conference. Rodriguez said it's particularly important to keep those pathways open to people of color and to communities that have been disenfranchised."In this country, the ownership of land gives the property owner power and a voice that a non-property owner doesn't have.