The task force hopes to shrink the wealth gap between white and black Californians.
Nationwide, black households have a median wealth of $24,100, which pales in comparison to white households, where the median wealth is $188,200, according to the most recent Federal Reserve Board Survey of Consumer Finances, cited by the paper.
A history of housing discrimination against black Californians makes up a significant portion of the compensation the panel recommends. Several black communities were bought out or seized through eminent domain to be bulldozed for infrastructure projects, according to the panel’s findings.The government often offered black homeowners less money than what they paid to purchase their houses and forced them out, the Times reported.
In addition to housing discrimination, the panel has targeted four other areas to study — mass incarceration, unjust property seizures, devaluation of black businesses and health care.However, the nine members — who have beenThe California legislature must decide what to do with those recommendations and whether to throw political support and funding behind distributing reparations to the descendants of black enslaved residents.
The panel is also evaluating how reparations could be delivered. The options include direct cash payments or tuition and housing grants, according to the Times.
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