Kamala Harris Announces $100B Plan For Black Homeownership

Sen. Kamala Harris announced a $100 billion plan for black homeownership, saying she will be the one to tackle racial wealth gap in the United States.

“After generations of discrimination, it’s time to give Black families a real shot at homeownership — historically one of the most powerful drivers of wealth. My new policy will remove unfair barriers Black Americans face when they go to qualify for a home loan.”

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Unfair barriers? Such as: Do you have a job, do you have a history of paying your bills on time, those unfair barriers? If you need help with the down payment and closing costs, Kamala, it is quite likely that you can’t afford the monthly payments on the house either. We don’t need another housing created recession.
Fox News:

Sen. Kamala Harris, D-Calif., announced Saturday that she would invest $100 billion of federal money into housing assistance for black families as part of an effort to close the racial wealth gap in the United States if elected president.

“After generations of discrimination, it’s time to give Black families a real shot at homeownership,” Harris tweeted on Saturday.

While appearing at Essence’s Global Black Economic Forum, she emphasized the role of homeownership in driving the growth of wealth in the U.S. According to Harris’ campaign, she would help 4 million homebuyers through down payment and closing-cost assistance — granting up to $25,000 from the Department of Housing and Urban Development.

“If we eliminate racial wealth disparities in homeownership rates, median Black wealth would grow $32,113 per household, and the wealth gap between Black and white households would shrink 31 percent,” her campaign said. More

Black unemployment is at its lowest point ever. If they aren’t buying homes, it’s not the taxpayers’ fault. So after decades of fair housing laws and equal opportunity lending, Kamala Harris wants to introduce a racist lending package? And that is exactly what this is, racism. Only black people will qualify for this package. And Liberals label Conservatives as racist?

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