Kamala Harris Proposes $100 Billion Grant to Help Black Families Become Home Owners

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Democrat Presidential candidate, Kamala Harris, proposed a $100 billion US Housing and Urban Development grant to provide up to $25,000 for down payments and closing costs. Harris’ bill would also loosen credit standards with the goal of creating more home loans, which is similar to the subprime loan policy that tanked the US economy in 2008. She blamed the credit rating that she claims holds people back, and she proposed adding rent payments, cell phone payments and utility payments that would go toward individuals’ credit scores, but it could also destroy their credit score.

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.

Speaking at the Essence Festival in New Orleans on Saturday, Harris said the program would help with down payments and other costs associated with purchasing 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.

The program, which would be administrated by the Department of Housing and Urban Development, would give grants of up to $25,000 to families with incomes of up to $100,000, or as much as $125,000 in high-income communities. Harris said the plan would, over time, reduce the wealth gap between black and white families by one-third.

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Kamala Harris Proposes $100 Billion Grant to Help Black Families Become Home Owners | WeAreChangeTV.US
2 years ago

[…] 9, 2019 Fox News No Comments This post was originally published on this […]

2 years ago

So let me get this straight, if I’m black I can get help buying a house, but since I’m white I can’t hmmmmm seems racist to me

Tom Ball
Tom Ball
2 years ago
Reply to  Glenn

Not altogether. You see, you as a white man, will be allowed to help pay for the program.
Now doesn’t that make you feel all warm and fuzzy inside?

Tom Ball
Tom Ball
2 years ago

Right. And she intends to donate the first million to
the cause out of her own bloated salary.

Tom Ball
Tom Ball
2 years ago

Matthew 23:
4 They tie up heavy, cumbersome loads and put them on other people’s shoulders, but they themselves are not willing to lift a finger to move them.

5 “Everything they do is done for people to see: