"Between 1932 and 1964, FHA and VA (through the GI Bill) financed over $120 billion of new housing, and less than 2% of this real estate was available to nonwhite families, mostly in segregated areas.'' 

"The Possessive Investment in Whiteness - How White People Profit from Identity Politics", George Lipsitz, Temple University Press, June 1998.

GI BILL 1944

In 1944 the US Government created the Servicemen's Readjustment Act (GI Bill) providing a range of benefits, including guaranteed housing loans for the millions of veterans returning home. White veterans were able to use these benefits to buy homes in the quickly growing suburbs. While, black veterans were unable to obtain loans for mortgages in black neighborhoods because of 'redlining' practices, in addition to facing exclusion from the white suburbs by various forms of de facto segregation. In the post war era, as most whites continued to accumulate home equity, most blacks remained renters.