Leave a comment or join!

If you would like to comment on this story, please feel free to do so above.

If you liked this story, sign up for free

Like our Facebook Page

Want to become a Featured Artist? Then click here to Purchase Now

Tuesday, July 16, 2019

Plan Aimed To Help African Americans Buy Homes


Taking aim at the racial wealth gap in the U.S., Democratic presidential candidate Kamala Harris proposed a $100 billion program to help black families and individuals buy homes.

The program, she estimated, would help 4 million families who live or rent in historically red-lined areas, or those where loans are often refused because borrowers are seen as poor financial risks.

“We must right the wrong, and after generations of discrimination give black families a real shot at home ownership — historically one of the most powerful drivers of wealth,” Harris said.


Her campaign cited research from Demos, a progressive public policy group, showing that less than 50% of black households own their home while 75% of white ones do.

Harris’ plan comes after Sen. Elizabeth Warren of Massachusetts, another Democratic candidate, announced a plan in March to provide grants to first-time homebuyers in formerly red-lined and low-income neighborhoods.

No comments:

Follow