New Orleans – Democratic presidential candidate Kamala Harris is proposing $100 billion in federal grants to pay for down payment and closing costs to help close what she says is a racial wealth gap and address historical discrimination in homeownership against black families.
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Harris announced her plan Saturday at the Essence Festival in New Orleans, where the California senator was among several of the 2020 White House candidates attending the largest annual gathering of black women in the country.
“By taking these challenges on, we can close that gap,” Harris said. “That not only lifts up black America, that lifts up all of America.”
Harris said the plan would help at least 4 million families living in areas that were redlined, a segregation-era practice that limited black borrowers’ ability to buy homes and set boundaries on where they can live, affecting the wealth of those families for generations.
Harris’ plan would address federal policy on how credit scores are calculated to include payments made on rent, telephone bills and other utilities to increase credit access for minority borrowers.
One of Harris’ Democratic rivals, Massachusetts Sen. Elizabeth Warren, has renewed her push against housing discrimination by reintroducing legislation this year that would, among other things, provide down payment assistance and bolster a law designed to help make credit available to people with low- and moderate incomes. Another 2020 candidate, New York Sen. Kirsten Gillibrand, has signed on to the American Housing and Economic Mobility Act.
Only a dumb black female can come up with something so unrealistic !!!
This is the best news I have heard – I can “identify as a BLACK man” and get the money for my down payment and closing costs on my home. GO Harris GO!
She is right . As we have already overspend on our budget by 22 trillion, which there is no way we can pay back, Why not go the extra mile and do this, as long as the party is ongoing, let’s keep adding to the fun.
Its is going to crash one day, the same way you over spend your credit cards, but at least we can say we enjoyed it immensely until that day….Health care for all, illegal or not, Homes for all, Food stamps for all. When it collapses – who will look like the idiot? the person that worked. He missed the party and is now in the same bread lines as everyone else.
I thought she won the last debate. but with this she just lost my vote. who the hell is going to pay for all those policies?
This was done already and led to Freddy Mac collapse. Trump 2020. G-d help us from these morons.
We spent 2 trillion in Iraq. Building Bridges, schools etc. At least the homes will stay in the USA. MAGA.
Was a disaster last time was tried but why the racism everybody? It’s really beneath us as a people. You can argue ideas without resorting to what u grew up hearing. And then we whine whenever someone badmouths us
It makes sense. Instead of paying to defend Germany the money stays home. MAGA
kamala is hebrew for camel! how about affordability to pay mortgage monthly you camelbrained moron!
Why not pay off everyones mortgage; pay off everyones student loans; give free healthcare, free tuition, and now give free homes to those who need!
Sounds like a great speech – to get those with nothing to go out and vote for you, even though its completely untenable, and I’m sure that (the way its presented here), it would be unconstitutional to institute for racial inequality.