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65 Broadway, Suite 1800, New York NY 10006 | (212) 248-2785 www.centerforsocialinclusion.org 
 
One Region: Promoting Prosperity Across Race
One Region: Promoting Prosperity Across Race
New York City’s metropolitan region is in trouble. Housing costs, mortgage foreclosures and job lossesare too high. Most feel the pinch, but communities of color are hit first and hardest and receive the leastsupport to recover. This impacts the regional economy as a whole. The Center for Social Inclusion’snew report,
One Region: Promoting Prosperity Across Race,
finds:
The New York region is growing and becoming more diverse, yet regional opportunity is not equitable 
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The region is growing more diverse, as the White population plateaus and most new residents areLatino, Asian, or Black. Despite this, isolation of people of color continues, threatening the regionaleconomy, social cohesion and family well-being.
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The foreign-born population grew by 11% since 2000 and accounts for a majority of the region’snew residents. However, Immigrants generally live in low-opportunity neighborhoods. Black andLatino immigrants are the worst off.
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New York is the fourth-most segregated region in the United States.
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Poverty is racially identifiable— people of color disproportionately live in low-opportunityneighborhoods with poor-quality housing, failing schools, environmental hazards, and few good jobs.
Housing opportunity is shrinking 
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Salaries are not keeping up with rising housing costs and affordable housing is disappearing,affecting communities of color most acutely. Between 2000 and 2006 alone, almost 40% ofaffordable stock, or 500,000 units, have been lost across the region.
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Homeownership opportunities among Latino, Black and Asian communities are severely lackingmade worse by the disproportionate impact of the foreclosure crisis. In New York City AfricanAmerican borrowers were twelve times more likely and Latino borrowers almost eight times morelikely than their White neighbors to receive a higher-cost home purchase loan.
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People of color do not live near good jobs, nor are near good transportation that can connect themto jobs.
Educational opportunity is shrinking 
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Educational opportunity gaps are widening and threatening the region’s strength.
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Though communities of color are hit the hardest, these gaps indicate a broken education systemthat also harms poor Whites.
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State budget cuts threaten to undermine recent victories in state courts for more equitable funding.
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Black enrollment in New York City’s elite high schools dropped by 50% between 1994 and 2005.
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Only 66% of Latinos, 81% of Blacks, and 84% of Asians in the region have high school diplomas,compared to 91% of Whites.
Entrepreneurship opportunities are not well supported 
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A lack of adequate financial institutions in many communities of color limits economic mobility andhomeownership opportunity.
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Many people of color owned businesses are at risk of displacement due to development policies,which are neither equitable nor sustainable.
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Blacks (27%) and Latinos (29%) are more than twice as likely as Whites (12%) to work in the low-paying service sector. For every $1 earned by a White household, Latino households earn just over50 cents, and Black households earn fewer than 60 cents per White dollar.
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The wealthiest 5% in the region earn over 25% of the income, while only 10.8% of earnings go tothe poorest 40%. This is the widest gap among the country’s 50-largest metropolitan areas.
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